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Benefits have been added in some products, like Nesquik Nutri Active B in Latin America. DIAGEO Diageo has had a busy start to 2005. The spirits leader extended its portfolio of premium wines in February with the addition of The Chalone Wine Group Ltd. (acquired for $275 million) to its U.S. wine operation, Diageo Chateau & Estate Wines. Diageo also formed a partnership with Heineken this year to produce and distribute Guinness in Russia and acquired Netherlands distiller Ursus vodka. At presstime, Diageo was looking to continue its buying spree after news hit that Pernod Ricard made an offer for Allied Domecq. Diageo refinanced some $750 million in existing debt to free up its financial position. Although it would only be a small piece of Allied Domecq, the brands Diageo is interested in are Courvoisier cognac, Makers Mark bourbon, plus Allieds wine portfolio. Diageo has been involved in deals with both Allied Domecq and Pernod Ricard in the past.
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