US: California's Brunton Vineyards sold
US-based Brunton Vineyards has been sold to communications group New Paradigm Strategic Communications in a share swap deal.
Brunton is based in California and claims to have an investment in a network of over 300 premier wineries around the world.
Yesterday (15 February), the company announced the deal with New Paradigm, which will see the name of the US-listed communications firm changed to Brunton Vineyards Holdings.
Brunton CEO Geno Brunton said: "Brunton Vineyards was acquired by New Paradigm Strategic Communications in a share for share exchange with the shareholders of Brunton Vineyards for all of their ownership in (the company)."
He added: "This move to the public sector puts the company in a better position to take advantage of opportunities not previously available to it."
Brunton plans to launch 20 wine brands within the next two years, the company added.
- Is Diageo approaching its "Et tu, Brute" Moment?
- Diageo Q4 & FY - Preview
- SABMiller, Carlsberg, Heineken: Poland's beer itch
- SABMiller's Q1 Sales Performance by Region
- Are Big Spirits Companies Failing to Innovate?
- Diageo comm's director latest to leave
- Global business development head to quit Diageo
- Diageo hit by SEC investigation in US
- just the Winners - IWSC Spirits Trophy Winners
- Suntory sells Louis Royer Cognac for US$110m
- Global rum insights - market forecasts, product innovation and consumer trends research
- Global liqueurs insights - market forecasts, product innovation and consumer trends research
- Global cachaca insights - market data, product innovation and consumer trends research
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global gin insights - market data, product innovation and consumer trends research