Henkell said the Filipopolis deal completes its Baltic footprint

Henkell said the Filipopolis deal completes its Baltic footprint

German wine group Henkell & Co has followed up its acquisition of sparkling wine company Freixenet with the purchase of Lithuanian distributor Filipopolis.

Henkell, which confirmed its acquisition of a majority stake in Cava giant Freixenet earlier this month, said today it has bought a 75% stake in Filipopolis. 

The Kaunas-based Filipopolis is an importer and distributors of alcoholic drinks. It already distributes Henkell's Hungarian sparking wine Törley, but the new partnership will expand its portfolio to include other sparkling Henkell products such as Mionetto Prosecco and sekt brand Henkell. Filipopolis said it will allow it to benefit from strong growth in Lithuania's sparkling wine category.

Henkell said the deal increases the number of countries it operates subsidiaries in to 22. It also completes Henkell's Baltic footprint following its 2008 acquisition of Budampex in Estonia and the founding of Henkell & Co Baltic in Latvia in 2011.

"Lithuania is the sparkling-wine market with the highest levels of consumption in the Baltic," said a Henkell spokesperson. "We are optimistic that we can also establish our international core brands in Lithuania and through the now complete pan-Baltic representation of our company, become even more attractive for our customers."

The Freixenet deal was for 50.67% of its shares and unites the world's leading Cava brand with Prosecco market leader Mionetto and Henkell Trocken, Germany's most exported sparkling wine brand. The deal was struck almost two years after rumours of an acquisition first surfaced, and is believed to value Freixenet at about EUR550m (US$675m), with the stake valued at around EUR275m.

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