SPI Group acquires Spanish wine estate
The SPI Group has bolstered its vineyard portfolio with the acquisition of the Arinzano Winery in north east Spain, which will form part of its new luxury wine division, HEW Holding BV.
|The Arinzano Estate in north east Spain|
The Luxembourg-based group’s wine division already includes Argentina’s Achaval Ferrer from Mendoza and the Italian estates of Tenuta dell’Ornellaia, Castelgiocondo and Luce della Vite – which represent a joint-venture with Marchesi de’Frescobaldi and Californian wine producer Michael Mondavi.
Its latest acquisition, the Arinzano Estate, is situated in the north east of Spain and produces pago certified wines. The estate has produced wines since the 11th century, when nobleman Sancho Fortuñones de Arínzano first produced wines on the property.
“It is with this clear heritage and commitment to quality that makes Arinzano such a great fit with the brands of SPI Group”, said Alexey Oliynik, CEO of SPI Group.
“With this impressive and expanding division of our business, SPI Group is delighted to create HEW Holding B.V. to spearhead future growth within our wine portfolio.”
Origin information: The Drink Business