Achaval Ferrer Acquires Melipal Winery to Position the Winery for Future Development.
M2 EQUITYBITES-June 19, 2019-Achaval Ferrer Acquires Melipal Winery to Position the Winery for Future Development
(C)2019 M2 COMMUNICATIONS http://www.m2.com
19 June 2019 - Argentina-based winery Achaval Ferrer has acquired Mendoza-based Melipal Winery, the company said.
Terms of transaction were not disclosed.
The acquisition of Melipal winery and vineyards complements the assets of Achaval Ferrer and enables a capacity to enter new markets.
As part of the acquisition comes the Las Nazarenas Malbec vineyard planted in 1923, which reinforces the commitment of the bodega to produce unique wines.
Achaval Ferrer, was founded in 1998 and acquired in 2011 by SPI Group, one of the world's most dynamic wines and spirits organiaations managing more than 380 brands, including Stoli Vodka.
Melipal Winery owns 74 hectares of vineyards in Lujan de Cuyo, the cradle of the most ancient Malbec ungrafted vineyards in Mendoza, a modern winery and a portfolio that includes two main brands: Melipal and Ikella.
((Comments on this story may be sent to email@example.com))
|Printer friendly Cite/link Email Feedback|
|Publication:||M2 EquityBites (EQB)|
|Date:||Jun 19, 2019|
|Previous Article:||ANI Pharmaceuticals Acquires Development Stage Drug Products from Coeptis for USD 2.3m.|
|Next Article:||Internet Brands' WebMD Acquires Frontline Medical Communications.|