Monday , August 2 2021

San Pedro wines acquire vineyards in Argentina

With this, the vineyard extends its portfolio to the neighboring country where it has already worked with La Selia and Tamari.

Wine San Pedro Tarapaka (VSTP) continues to expand its portfolio of vineyards in Argentina. The entity connected to the Lukšić group already works in the neighboring country with La Selia and Tamari, and now has a number of brands and vineyards in the province of San Juan.

According to what was reported by the site SanJuan8, Chilean bought it Pernod Ricard Argentina brands Graffigna, Colón and Santa Sylvia, Graffigna winery and its vineyards located.

The information does not indicate the amount of the operation, but adds that the VSTP funds package is added buying the vineyard "La Consulta" in Valle de Uco, Mendoza.

According to the announcement, Pernod Ricard Argentina has decided to dispose of the property "to focus its local resources on the production of wines and sparkling wines in its wineries in Salta and Mendoza and the production of alcoholic beverages at its Buenos Aires factory".

Argentine media say VSPT Wine Group considers this acquisition "as a strategic acquisition to continue developing its product portfolio". The three brands will be added to its current wide portfolio, consisting of seven wineries in Chile and two in Argentina; La Selia and Bodega Tamari, located in Valle de Uco, Mendoza ".

The two companies estimate that the transaction will be completed during this year after the approval of free competition authorities.

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