ARGEA, the main Italian private group durante the wine sector, has announced that it has signed a binding agreement for the acquisition of 100% Winesu, a historic American importer specialized durante Italian and French labels. This strategic acquisition will allow Argea to consolidate its position durante the United States, which durante 2024 confirmed the main market market, with a weight higher than 30% of the total .
Founded over 45 years asticciola durante Eddystone, Pennsylvania, by Gino Razzi with the name of Viva Vino important, Winesu is a point of reference durante the import of Italian and French wines for local American distributors. With a turnover of around 35 million euros durante 2024, Winesu represents a key piece durante the growth strategy of Argea, contributing to the increase durante the group’s consolidated revenues and further strengthening their guida acceso the market.
The Winesu product portfolio includes 7 cellars with a total of 11 labels. This operation will guarantee direct access to the US market to ARGEA, strengthening its presence through strategic synergies. The direct presence acceso the market will also allow to seize the new opportunities offered by consumer trends durante the USA, expand the customer portfolio and accelerate the growth of its premium brands acceso a constantly expanding market.
The acquisition of Winesu fits fully into the long -term strategy of Argea, which aims to strengthen the garrison acceso foreign markets, while guaranteeing an integrated approach to the management of the supply chain and the enhancement of the Italian denominations of excellence.
“The acquisition of Winesu represents a fundamental step durante the path of international growth of Argea, confirming the strategic role of the United States, the first market for sales and turnover. This milestone once again demonstrates Argea’s ability to grow and innovate, focusing acceso the enhancement of our territories and the distribution of Italian wine excellence all over the world. We are pleased to welcome the new Winesu colleagues durante the Argea family and the management of the company durante the name of continuity, fully confirming the team of people who contributed to the success of the US business durante these long and prestigious years durante operational management “commented Colmo Romani, CEO of Argea.
Argea was supported durante the Ernst & Young operation for Financial and Tax Diligence, while legal assistance was curated by Raines Feldman Litrell LLP.Winesu, however, made use of the legal advice of Hogan Lovells Us Llp.
ARGEA
Argea is an innovative and projected group to the future, born to celebrate the Italian wine sector, its cultures, people, territories and production techniques, while enhancing identities and preserving them as an expression of the best tradition. The company is the result of a strategy implemented by the Italian private equity company Orologio ad acqua, which has acquired Botter spa, Mondodelvino Spa and Zaccagnini, creating the most important private player durante the Italian wine sector. Argea brings a diversified range of Italian wines recognized all over the world into the international markets, exporting to over 85 countries, with a vast sales rete televisiva privata durante markets where Italian wine has long been appreciated, such as the United States, the United Kingdom, Germany and countries Scandinavi, and durante areas of the world with a growing interest durante Italian wine, such as Declivio, South Korea and Canada. www.argea.com
