London-based wine merchant The Cellaret has acquired import and wholesaling business Wine Portfolio.

Wine Portfolio, which provides for wine bars and restaurants in England, will continue to operate under the Wine Portfolio name.

Former Wine Portfolio managing director Jeremy Randall has become the combined company non-executive director following the acquisition.

The Cellaret spokesperson Ray Dutton said: "The two companies are a perfect match, with virtually no overlap at all. In this instance, the whole really is greater than the sum of the parts. Our clients will be seeing significant tangible benefits from day one and we're looking to the future with firm aspirations to extend our range of premium boutique wines and develop the agency side of the business."

The Cellaret develops fine wine sales using e-commerce marketing strategies, and also has independent off-trade and select on-trade clients.