The biggest drinks acquisitions of 2019

VSPT acquires wine brands from Pernod Ricard Argentina

Chilean wine giant VSPT announced in January this year that it intended to acquire a number of wine brands and vineyards, as well as a winery, from Pernod Ricard Argentina for an undisclosed sum.

According to Cronista, the brands involved in the deal are reported to be Graffigna, Colón and Santa Silvia. In addition, VSPT will also be taking control of the Graffigna winery and vineyards Pocito and Cañada Honda in San Juan and La Consulta in the Uco Valley in Mendoza.

Pernod Ricard Argentina has decided to focus its attention and resources on the production of both still and sparkling wines at its Salta and Mendoza based wineries, as well as spirits at its distillery in Buenos Aires.

VSPT has referred to the deal as a “strategic acquisition to continue the development of its product portfolio”. The wine group already controls Argentine wine brands Finca La Celia and Bodega Tamarí.

2 Responses to “The biggest drinks acquisitions of 2019”

  1. Sam Adams says:

    No mention of LVMH buying Whispering Angel?

  2. Josh M says:

    What about the fact that Constellation just sold off Ballast Point, which they originally purchased for $1B after just 4 years??

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