Spanish wine company Terras Gauda Group has secured a 25% stake in Bodegas Gargalo, the wine arm of national fashion house Roberto Verino.

The move will see Terras Gauda “assume the management of all areas of activity”, a joint company statement read.

These areas include “oenological, business and commercial management, exports logistics and wine tourism”, they added.

Set up in 1998 in Monterrei in Galicia in north-west Spain, Bodegas Gargalo produces a range of white varietials, such as Godello and Albariño, as well as red wines like Arauxa and Mencía.

The investment will also allow Terras Gauda to integrate Gargalo’s Godella Gargalo white wines and some of its red varietals into its portfolio.

Both groups noted the move would see them work together to boost Gargalo’s position both in Spain and the rest of the world, by “diversifying its sales channels and enhancing the differentiation of its wines”.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Gargolo’s workers will still work “in close collaboration” with the Terras Gauda team, they said.

Both groups added they believed they share similar values, including “differentiation, pride in belonging to their respective territories” and a dedication to “the enhancement of noble varieties”.

In a joint statement, José María Fonseca, Terras Gauda president and Gargalo president Roberto Verino agreed the acquisition would be “a medium and long-term commitment” that would help them “join forces in search of a common goal”.

Founded in 1990, Terras Gauda owns four wineries in Spain: Bodegas Terras Gauda in Ponteverda; Bodegas Pittacum in Arganza; Quinta Sardonia in Castilla y León; and Compañía de Vinos Heraclio Alfaro in Rioja’s Baja region.

The business sells over 2.8m bottles a year, with exports making around 30% of its annual sales. It is present in 70 international markets, including the US, the UK and Germany.