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Miller Family bottles up a deal with BNA Wine
Posted on Wednesday, 14 October 2020 14:14
Miller Family Wine, a division of Thornhill Companies, has acquired the BNA Wine Group’s portfolio of wines.
Financial terms were not disclosed.
Miller Family will pick up a number of premium wine brands, including Butternut, Volunteer, Humble Pie and the Rule.
The deal is in line with the buyer’s multi-year growth strategy, in which the company plans to widen its market presence in leading retail chains nationwide and build a more robust offering for direct-to-consumer channels.
Headquartered in Nashville, BNA Wine makes a range of bottled and canned wine for customers across the US.
Formed in 2010, the company operates offices throughout California and Tennessee.
Nicholas Miller, vice president of the buyer’s sales and marketing division, said: “Adding this well-rounded line-up of brands not only gives us the opportunity to expand our reach into retail chains, but also provides the members of our newly launched Miller Family Wine Club with an even more diverse array of wines to try.”
Marshall Miller, vice president of the group’s operations, Marshall Miller, added: “Over the past few years, we've looked for new opportunities to grow our company both thoughtfully and organically, while still finding avenues to reach new consumers in a strategic way.
“The acquisition of these brands, and Butternut in particular, is a significant step toward those overarching goals."
Furthermore, BNA Wine’s portfolio will add to Miller Family’s existing wine offerings, including Ballard Lane, Barrel Burner and Smashberry.
The buyer has a history dating back to 1871 and ships its products to 31 states across the US.
According to Zephyr, the M&A database published by Bureau van Dijk, there have been 76 deals targeting operators of wineries signed off globally since the start of 2020.
In the largest of these, Arta Capital SGEIC announced plans to sell Spain-based Alvinesa Natural Ingredients for up to EUR 400.00 million.
© Zephus Ltd