FRANCE: Castel acquires Oenoalliance
Castel has acquired Oenoalliance, a union of family wine merchants specialising in Bordeaux wines and Languedoc Roussillon wines, for an undisclosed sum.
The union is made up of Clossmann & Cie, André Quancard André, Promocom, Celliers de Beychac, Vinyrama and Socav. Only the latter firm, Socav, has not been purchased by Castel.
A EUR45m business and employing 87 staff, Oenoalliance markets around 40m bottles annually and also has a bottling facility at its base at Beychac et Cailau, in the Bordeaux region.
"Over the past 3 years Oenoealliance's volume of business has declined and in 2007 made losses of several millions of euros," a Castel spokesman told just-drinks. "However, we see scope for the company complementing our own activities. It trades in a diversified range of wines, has a well-established export presence and a broad distribution base which includes specialist wine shops, wholesalers and supermarkets," the spokesman added.
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