Henkell finalises Freixenet acquisition

German sparkling wine company Henkell has reached an agreement with Cava producer Freixenet to buy 50.7% of the latter’s capital for just under €220 million it has been reported.

As reported in the Spanish press, the transaction will apparently be formalised today (16 March) and brings an end to a long period of negotiation between the two companies.

Rumours of the takeover surfaced nearly two years ago and seemed increasingly likely at the start of this year.

Freixenet, which also owns vineyards and brands in Argentina, Australia, Mexico and Champagne, has been valued in the region of €550m and it is believed Henkell at one point may have put in a tender to buy the group outright but several of Freixenet’s major shareholders including presidents, José Ferrer and José Luis Bonet have apparently retained their shares.

José Luis Bonet Ferrer, president of Freixenet, said: “Over three generations, we have made Freixenet the world’s leading producer of Cava. In Henkell we have found a strong partner with a long-term strategy which will significantly strengthen Freixenet and help us to maintain our identity and tradition – with an even stronger international presence in the future.”

Dr. Andreas Brokemper, CEO of Henkell, said: “Henkell and Freixenet share a strong entrepreneurial vision. We are delighted to realise as partners the opportunities of the globally growing sparkling wine market. Together, we can offer our customers not only global expertise but also a unique range of first-class brands and specialties.”

One Response to “Henkell finalises Freixenet acquisition”

  1. Wendy says:

    What was the agreement? have you scans of papers?…I would like to see the agreement as I’m also producing wineries…

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Sales Account Manager x 2

Berkmann Wine Cellars
London, UK

Staff Writer

The Drinks Business
London, UK

Business Development Manager / Account Manager

Harviestoun Brewery
Glasgow, UK, Scotland West

Customer Services Administrator

Speciality Drinks
London, UK

Marketing and Communications Manager

Southern England Wines (UK) Ltd
Petworth, UK

National Account Manager

Berkmann Wine Cellars
London, UK

UK Business Development Manager - South East/ East Anglia

Wine & Spirit Education Trust
London, UK

National On-trade Sales Support

Boutinot Wines
London, UK

Wines from Spain Annual Tasting 2019

London,United Kingdom
7th Mar 2019

RAW WINE London

London,United Kingdom
10th Mar 2019
Click to view more

The Global Riesling Masters 2018

View Results

Rioja Masters 2018

View Results

Click to view more