The Wine Group (TWG) has become the exclusive distributor for Spanish wine producer Grupo Osborne in the US.

The companies said today (17 April) that the transaction was executed by the New York-based mergers and acquisitions advisory group Rabobank International, a division of Rabobank Nederland.

TWG will take on the Osborne wine portfolio, which includes Montecillo (Rioja), Solaz (Tierra de Castilla region), Osborne (Jerez y Oporto), Senorio del Cid (Ribera del Duero y Rueda) and other brands of brandies and spirits.

TWG CEO David Kent: "This association combines two excellent organisations with a strong ability to pursue the opportunity offered by the huge potential of the Spanish wine in the US market."

Osborne CEO Ignacio Osborne said: "The present agreement is a major milestone in Osborne's strategy aimed at growing our wine business and increasing our competitive position both as a producer and international player."