Winebow, a wine importer backed by Freeman Spogli & Co., has agreed to acquire Click Wine Group, a wine marketing and branding company whose products include Fat Bastard from France, Root:1 from Chile, and Clean Slate from Germany. No financial terms were disclosed.
Leonardo LoCascio, President, CEO and founder of Winebow, Inc., and Peter Click, President, CEO and founder of Click Wine Group, announced today the signing of an agreement for Winebow to acquire Click Wine Group and all company-owned brands.
“This acquisition will result in a 1.5MM-case import portfolio from virtually all of the best wine regions in the world, advancing our aim to be the leading super-premium import wine supplier in the
Click Wine Group will continue to be based in
“Winebow's sales execution success in all fine wine channels nationally, as well as strong local distribution in key markets, will clearly benefit our portfolio,” said Mr. Click. “The combined enterprise will improve the growth trends of both companies' brands, and provide a strong foundation as we continue to develop and launch successful brands in the future.”
LoCascio added, “This transaction is a fantastic alliance of organizations with complimentary skill sets. The executive management, product portfolios, and talented personnel from both organizations will accelerate the long term strategic plans of both companies.”
LoCascio will continue as CEO and President of Winebow, Inc. Click will continue as President of Click Wine Group, based in
Akin Gump Strauss Hauer & Feld LLP and K&L Gates acted as legal advisors to Winebow and Click Wine Group, respectively.
About Click Wine Group
Click Wine Group (http://www.clickwinegroup.com) founded in 1987 by Peter Click, is a privately held, Seattle-based company that owns and imports wine from around the world. Their portfolio is made up of two acclaimed collections: the Global Wine Collection and Peter Click Selections. The Global Wine Collection consists of signature varietals from world-class appellations with easy to pronounce names and appealing, consumer friendly packaging aimed at taking the intimidation out of wine. Peter Click Selections is a collection of critically acclaimed wines produced by boutique wineries located in
About Winebow, Inc.
Winebow, Inc. (http://www.winebow.com) founded in 1980 by Leonardo LoCascio, is a major importer and distributor of wines and spirits from around the world. Winebow is a leading importer of premium Italian wines under the Leonardo LoCascio Selections label, the de facto seal of approval for Italian wine enthusiasts. Under the Winebow Brands International (WBI) division, Winebow has a growing import portfolio with 20 producers from
Winebow is headquartered in
SOURCE Winebow, Inc.; Click Wine Group
Alana Signor, ext. 18, or Bridget DiMartino, ext. 17, or Leslee Borger, ext. 11, all of Truth Be Told PR, +1-212-477-8090, all for Winebow, Inc., and Click Wine Group; or Rebecca Rader of Click Wine Group, +1-206-973-1743; or Marilyn Krieger, Ph.D., of Winebow, Inc., firstname.lastname@example.org