Wine Master Cellars exec buys company from founder

The president of Wine Master Cellars LLC, Charles Malek, has purchased the company from its founder, Doug McCain, company officials said Thursday. Terms weren’t disclosed.

The eight-year-old Denver company makes VintageView wine storage and display racks. The racks have been sold around the world, officials said.

The transaction was negotiated by W.G. Nielsen & Co., a Denver-based investment banking firm.

“I am confident that the huge potential of this wine storage system in all markets can now be realized,” Malek said in a statement. “The company already has a proven track record and I am looking forward to expanding the brand to the next level.”