González Byass Acquires Chicago’s Vin DivinoAugust 12, 2013
Spain’s González Byass has acquired Chicago-based wine importer Vin Divino Ltd. from parent company Angelini Group for an undisclosed sum. González Byass says the move is part of its goal to expand in international markets, particularly in the U.S.
Founded in 1991, Vin Divino currently represents around 20 wine brands from Italy, Austria, Chile, Spain and the U.S. Last year it added several new labels to its portfolio, including upscale Napa brand B Cellars, Piedmont producer Bersano and Rioja’s Bodegas Casa Primicia.
González Byass has long been known as a Sherry and brandy producer, but in recent years, the company has aggressively grown its table wine business, which now includes Rioja’s Beronia, Somontano’s Viñas del Vero, Cádiz’s Finca Moncloa and Vilarnau Cava, among others. González Byass has roughly €200 million ($270m) in annual revenues, with 2012 shipments to the U.S. up 12% to 30,000 cases. The company told SND early this year that it was targeting an acceleration to 20% U.S. growth in 2013.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
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