Gruppo Campari sells Italian winery Enrico Serafino to Krause Holdings

Gruppo Campari today announced their agreement to sell the Italian winery Enrico Serafino S.r.l. (‘Enrico Serafino’) to the US company Krause Holdings, Inc.

The deal consideration is € 6.1 million (USD $6.9 million) on a cash free/debt free basis, according to a press release. The business sold consists of the Enrico Serafino trademark as well as vineyards, vinification and production plants, inventory and real estate assets.

The closing date of the transaction is expected to be on June 30, 2015.

Moreover, effective from closing, Gruppo Campari and Krause Holdings, Inc. will enter into an exclusive distribution agreement according to which Gruppo Campari, through its dedicated Business Unit Wines, will continue to distribute the Enrico Serafino wines portfolio in Italy and export markets.

Enrico Serafino is a winery based in Piedmont, Italy, and is engaged in the wine growing and vinification of still and sparkling wines, including Barolo, Barbaresco, and Alta Langa wines, distributed under the same brand name.

Krause Holdings, Inc. is a diversified holding company owned by Kyle J. Krause. Operating companies owned by Krause Holdings, Inc. include, Kum & Go convenience retail stores, Solar Transport, and a significant portfolio of real estate properties. Mr. Krause and his wife, Sharon Krause, also own U.S. based organic farming operations.

2 Comments

  1. Campari Exits Italian Wines Business | Beverage Dynamics Reply

    […] After the disposal of Sella & Mosca and Teruzzi & Puthod — which entered into Gruppo Campari’s portfolio in 2002 and 2005 respectively — Gruppo Campari has completed a full exit from the Italian still wines business. This commitment started in 2015, with the sale of the Italian winery Enrico Serafino. […]

  2. Campari Exits Italian Wines Business | StateWays Reply

    […] After the disposal of Sella & Mosca and Teruzzi & Puthod — which entered into Gruppo Campari’s portfolio in 2002 and 2005 respectively — Gruppo Campari has completed a full exit from the Italian still wines business. This commitment started in 2015, with the sale of the Italian winery Enrico Serafino. […]

Leave a Reply

Your email address will not be published. Required fields are marked *