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Gonzalez Byass takes over Chile's Veramonte winery

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González Byass has taken majority control of Chilean winery Veramonte as it continues to purchase assets outside of its Jerez heartland.

Gonzalez Byass is expanding its footprint

Gonzalez Byass is expanding its footprint

The Spanish sherry bodega said today the acquisition of the Huneeus family's controlling interest in Veramonte will allow it to improve distribution operations in the US by broadening its portfolio.

The González family said: "By taking this step out of Spanish wine production, we are reinforcing our strategy towards the internationalisation of the company, whilst strengthening both our portfolio of brands and international distribution operation."

González Byass in March entered the Rías Baixas denominación de origen with the purchase of the Pazos de Lusco estate. Its Spanish footprint already includes Arcos de la Frontera, Rioja, Somontano, Penedes, Castilla-La Mancha and Rueda.

Veramonte is made up of two winemaking facilities and 600 hectares of vineyards in areas including Casablanca, Colchagua and Apalta Valley. The winery's brands, Neyen, Primus, Ritual and Veramonte, are distributed in 37 countries.

This month, González Byass lined up the global release of a Vermouth with a recipe from the 19th Century. La Copa is made of a blend of eight-year-old Oloroso and Pedro Ximenez Sherries.


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