Greek vintner Kir-Yianni has bought local winemaking peer Domaine Sigalas for an undisclosed sum.
Kir-Yianni has acquired a majority stake in Domaine Sigalas from an unnamed company owned by Thanassis Martinos, a Greek shipowner.
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In a statement, Kir-Yianni said that with the transaction, the group “strengthens further its footprint on the domestic and world wine map, establishing itself as a leading ambassador of Greek wine worldwide”.
According to Kir-Yianni, the two businesses have had a “relationship” since 2009.
Kir-Yianni took over management of the winery in 2020 and put an investment plan in place, “focusing on people, vineyards and infrastructure”.
Santorini-based Domaine Sigalas operates 45 hectares of vineyards in and around the Oia village in the northern area of Santorini.
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By GlobalDataThe group’s portfolio is predominantly white wines but it also produces red and sweet wines which are sold worldwide in Australia, the UK, France, the US and China, among other countries. Its brands include Nychteri, Aidani, and Kavalieros.
Commenting on the purchase, winemaker and CEO of Kir-Yianni, Stellios Boutaris, said: “The acquisition of Domaine Sigalas is the strongest vote of confidence in the vineyard and the wines of Santorini.
He added: “The way we see and understand the outstanding uniqueness of Santorini is reflected in our strategic long-term investment in the island. With respect to traditions and commitment to science and innovation, we are building up a sustainable future. This year’s harvest has sparked concern and even skepticism. These are the crucial moments that test whether you have a plan – and we do”.
The acquisition of Domaine Sigalas adds a third vineyard to Kir-Yianni’s roster. Founded in 1997, the group manages estates in the Naoussa and Amyndeon wine region.
Its wine products, which include red, white and rose varieties under brands such as L’Esprit du Lac, Paranga and Ble Tracter, are sold worldwide.
According to first production estimates for 2025 released by the International Organisation of Vine and Wine (OIV) earlier this month, Greece is expected to be the ninth largest winemaker in the EU, in volume terms.
For 2025, the OIV has forecast Greece to generate 1.5 million hectolitres in production volumes which would mark a 9% increase on 2024 figures, but still a 20% drop on the five-year average.
