GERMANY/SPAIN: Henkell & Co snaps up Cavas Hill
German sparkling wine producer Henkell & Co has continued its international expansion strategy by acquiring Spanish firm Cavas Hill for an undisclosed sum.
The takeover, announced late last week, includes all of Cavas Hill’s brands and employees and is effective immediately. Established in 1887 and based in Alt Penedès in Catalonia, Cavas Hill produces 2m bottles of wine per year.
Henkell & Co. press spokesman Jan Rock said the purchase of Cavas Hill continued a policy of internationalisation, which started with the acquisition of leading Hungarian sparkling wine producer Törley in 1992.
“As a result, the company portfolio has been broadened,” he added. “It now includes Champagne (Alfred Gratien), crémant (Gratien & Meyer), prosecco and spumante (Mionetto) and Sovetskoye Shampanskye (Kiewer Sektkellerei Stolichniy). With the acquisition of Cavas Hill, the product range of Henkell & Co. has now been further broadened by a cava speciality.”
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