ARGENTINA: Inversora buys Argento from Bibendum

By James Wilmore | 17 September 2012

Argentinian wine group Inversora Agroindustrial Sudamericana has completed the purchase of the Argento Wine Company from Bibendum for an undisclosed sum.

Argento will continue to operate as it currently does, with offices in London, Mendoza, and Europe, the group said in a statement today (17 September). Inversora already owns "several hundred" hectares of vineyards in Mendoza.

Alejandro Bulgheroni and Carlos Pulenta, Inversora directors, said the move is an "important step" in the development of the group's international wine business.

"The Argento brand has achieved outstanding global recognition over the past decade and we now have a unique opportunity to combine our extensive vineyard and winemaking facilities with Argento's global reach and internationally-based team," the directors said.

Argento was launched in 1999 and is sold in around 50 countries globally.

Sectors: Mergers & acquisitions, Wine