Concha y Toro acquires Fetzer Vineyards from Brown Forman

Vina Concha y Toro, a wine company in Chile, has completed the acquisition of Fetzer Vineyards and related assets that Brown- Forman Corporation owned in California, US.

The acquisition is complete and the ownership of the Fetzer Vineyards are fully asssumed to be transferred in the name of Concha y Toro.

Concha y Toro chief executive officer Eduardo Guilisasti said that for the company the future development of the brands of Fetzer Vineyards is an important challenge, something to which it commits all its effort and energy to continue with the history of quality which it has already deservedly earned.

"Concha y Toro and Fetzer Vineyards will be capable of continuing toward a new stage of development. And the integration of this operation will enable us to incorporate the culture of excellence and commitment of Fetzer's team, also continuing to strengthen links with its surroundings and community, in this beautiful zone of Mendocino," Guilisasti added.

Acquisition contemplates a portfolio of brands with positioning in the American market, including: Fetzer, Bonterra, Five Rivers, Jekel, Sanctuary and Little Black Dress wines.

The acquisition also includes 429 hectares of owned and leased vineyards in Mendocino County, California, warehouses and production capacity for 36 million liters (in Hopland, California) and 6 million liters (in Paso Robles, California), and a bottling plant.

The principal installations are at Hopland, California and employ approximately 260 people.