Russian Standard Vodka acquires 70% stake in Italian wine producer Gancia
LIQUOR NEWS
Drinks Business Review - Dec 20th 2011, 09:17
Russian Standard Vodka, a premium Russian vodka brand owned by Roustam Tariko, has bought 70% stake in F.lli Gancia & C, an Italian sparkling-wine and vermouth producer to expand the Italian company.
The Russian company said Tariko will head Gancia as its president and the Vallarino Gancia family members will continue to play a key role in the company's management.
Gancia's product portfolio falls into four categories: sparkling wines, still wines, apertif and specialty. The sparkling wine series includes Cuvée Classic Method, Cuvée Platinum and Pinot di Pinot. The aperitif family features Vermouth Bianco Gancia, Vermouth Gancia Dry and Vermouth Gancia Rosso.
Glancia enjoys leading position in sparkling wine and vermouth industry. Russian Standard has plans to develop and expand Gancia's brands into Russia, reported Bloomberg.
Gancia has 2000 hectares of controlled vineyards, and 30 hectares of its own vineyards for the production of red and white Piedmontese wines.
It produces still and sparkling wine made from grapes such as Brachetto, Chardonnay, Prosecco, Pinot noir, Pinot grigio and Pinot Bianco.
Gancia produces 250 million bottles of sparkling wines, wines and aperitifs produced each year. The company has international presence in over 60 major export markets including Portuguese, Japan, Finland, France, Belgium, Korea, China, Russia and the US.
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