Market research
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.
Sectors: Mergers & acquisitions, Wine
