Henkell Freixenet buys remaining shares in Freixenet

Henkell Freixenet has taken afloat ownership of Freixenet, expanding its 50% involvement successful the cava shaper to 100%.

The stock merchantability by the founding Ferrer household and José Luis Bonet was completed connected Monday (2 March) by “mutual agreement”, according to a connection from the sparkling vino group.

Financial details of the transaction were not disclosed.

In 2018, Germany-based Henkell & Co, owned by Dr Oetker, acquired 50.67% of Spain’s Freixenet.

However, aft a superior summation by Freixenet president José Ferrer Sala, helium and chap shareholder José Luis Bonet secured corporate ownership of 50% of Freixenet’s stock capital, with Henkell holding the different 50%.

Henkell & Co changed its sanction successful 2019 to Henkell Freixenet to people its bulk acquisition of Freixenet.

Andreas Brokemper, CEO of Henkell Freixenet, said: “Over the past 8 years, a narration founded connected spot and collaboration has evolved into a unified squad with a shared imaginativeness – committed to make the marque Freixenet and the institution towards a sustainable future. Together, we person strengthened our planetary marketplace presumption successful the planetary sparkling vino conception and opened caller opportunities for Freixenet.”

Pedro Ferrer and José Luis Bonet volition proceed their relation with the institution arsenic “honorary” presidents, the institution said.

Founding household subordinate Pedro Ferrer volition besides “represent Freixenet successful immoderate institutions”.

Following the merchantability of their stake, Ferrer and Luis Bonet volition summation their concern successful Ferrer Wines, a Spanish winemaker owned and managed by Pedro Ferrer.

“As 2 family-owned companies sharing the aforesaid values, we recovered successful Henkell Freixenet a trusted spouse who volition sphere our bequest portion taking the institution into the future," Ferrer said successful the statement.

"At the aforesaid time, I americium excited to proceed processing Ferrer Wines and to signifier the adjacent section of our vino journey.”

“The acquisition by Henkell Freixenet volition not lone springiness continuity to Freixenet, a institution renowned for its tradition, but volition assistance Freixenet support its excellence and accelerate its enlargement arsenic an planetary masterbrand,” added José Luis Bonet.

"Henkell Freixenet buys remaining shares successful Freixenet" was primitively created and published by Just Drinks, a GlobalData owned brand.

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