Founder of Chile’s Lapostelle heads buyout of wine producer from Campari
Italian spirits company Gruppo Campari has agreed to sell the Lapostelle wine business in Chile to a management team led by its founder Alexandra Marnier Laspostelle.
The €30 million (£25.5 million) sale is part of Campari’s strategy to fully exit the still wine business to focus on spirits.
It includes wines and pisco brands, vineyards, production plants, inventory and hospitality operations in Chile.
The sale is expected to be completed within two months.
Lapostelle, in the Santa Cruz region, was founded by Alexandra Marnier Lapostelle – of the family behind Grand Marnier – in 1994 and now has distribution in more than 60 countries.
Campari announced the sale of its Italian wineries Sella & Mosca and Terruzi & Puthod in November.
Campari chief executive officer Bob Kunze-Concewitz said: “The disposal of the Chilean wine business, which entered into Gruppo Campari’s perimeter in the context of the Grand Marnier acquisition [in March of this year], follows the sale of the Italian still wine business completed a few days ago.
“With this transaction Gruppo Campari confirms its commitment to fully exit the still wine business, continue to streamline its non-core activities and increase its focus on the core spirits business.”