Henkell Freixenet has taken full ownership of Freixenet, increasing its 50% stake in the cava producer to 100%.
The share sale by the Ferrer family and José Luis Bonet was completed on Monday (2 March) by “mutual agreement”, according to a statement from the sparkling wine group.
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Financial details of the transaction were not disclosed.
In 2018, Germany-based Henkell & Co, owned by Dr Oetker, acquired 50.67% of Spain’s Freixenet.
However, after a capital increase by Freixenet president José Ferrer Sala, he and fellow shareholder José Luis Bonet secured collective ownership of 50% of Freixenet’s share capital, with Henkell holding the other 50%.
Henkell & Co changed its name in 2019 to Henkell Freixenet to mark its majority purchase of Spanish sparkling wine maker Freixenet.
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By GlobalDataAndreas Brokemper, CEO of Henkell Freixenet, said: “Over the past eight years, a relationship founded on trust and collaboration has evolved into a unified team with a shared vision – committed to develop the brand Freixenet and the company towards a sustainable future. Together, we have strengthened our international market position in the global sparkling wine segment and opened new opportunities for Freixenet.”
Founding family member Pedro Ferrer and José Luis Bonet will continue their association with the company as “honorary” presidents, the company said.
Pedro Ferrer will also “represent Freixenet in some institutions”.
Following the sale of their stake, Ferrer and Luis Bonet will increase their investment in Ferrer Wines, a Spanish winemaker owned by Pedro Ferrer.
“As two family-owned companies sharing the same values, we found in Henkell Freixenet a trusted partner who will preserve our legacy while taking the company into the future,” Ferrer said in the statement.
“At the same time, I am excited to continue developing Ferrer Wines and to shape the next chapter of our wine journey.”
“The acquisition by Henkell Freixenet will not only give continuity to Freixenet, a company renowned for its tradition, but will help Freixenet maintain its excellence and accelerate its expansion as an international masterbrand,” added José Luis Bonet.
