SPAIN/US: Gonzalez Byass buys Vin Divino to boost overseas footprint

By Andy Morton | 13 August 2013

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.

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Sectors: Mergers & acquisitions, Wine