Alexandra Marnier Lapostolle Acquires Chile’s Lapostolle Winery From CampariDecember 27, 2016
Earlier this year, Italy’s Gruppo Campari took control of super-premium French liqueur brand Grand Marnier through its acquisition of a majority stake in Société des Produits Marnier Lapostolle (SPML). Included in that deal was Chile’s Lapostolle winery, founded by Alexandra Marnier Lapostolle in the Santa Cruz region in 1994. Over the holiday weekend, Campari announced that it will sell the Chilean business back to Marnier Lapostolle for €30 million ($31m), returning it to family control. The transaction is expected to close in the next two months.
Marnier Lapostolle’s Chilean unit produces Lapostolle wines as well as Kappa pisco. The acquisition also encompasses 370 hectares (914 acres) across three different vineyards—planted to Sauvignon Blanc, Chardonnay, Cabernet Sauvignon, Merlot, Carmenère and Syrah—as well as production facilities, inventory, real estate and hospitality operations. The business had sales of €13.6 million ($14.2m) and EBITDA of €1.8 million ($1.9m) last year. We’ll have more on the Marnier Lapostolle family’s plans for its Chilean winery in tomorrow’s issue.
For Campari, the deal marks the company’s exit from the still wine business. Earlier this fall the group sold its Sella & Mosca and Teruzzi & Puthod still wines from Italy to Italian distributor Terra Morretti for about $66 million. Since the beginning of this year, Campari has sold off non-core assets totaling €96 million ($100m), in order to focus on its core spirits business. —Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.