SPAIN/US: Gonzalez Byass buys Vin Divino to boost overseas footprint
Gonzalez Byass has acquired Chicago-based wine importer Vin Divino for an undisclosed sum.
The Jerez-based company said last week the purchase from Vin Divino's parent company, Angelini Group, will help it make further inroads into international markets. Overseas sales already account for 60% of Gonzalez Byass's wine unit turnover, it said.
Vin Divino currently imports wines from Italy, Austria and Chile to the US and sells them though a network of independent distributors, according to its website.
Gonzalez Byass owns the Tío Pepe Fino Sherry and Lepanto Brandy de Jerez brands. It also runs a spirits unit, which handles brands including The London No. 1, Druide Vodka and Flor de Caña Rum.
In December, Gonzalez Byass's UK arm took over distribution of Chilean wine Undurraga.
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