Vintage Wine Estates, Inc. acquired substantially all of the assets of Vinesse, LLC from Vinesse, LLC for $16.5 million.
September 27, 2021
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Vintage Wine Estates, Inc. (NasdaqGM:VWE) agreed to acquire substantially all of the assets of Vinesse, LLC for $16.5 million on September 28, 2021. Under the terms of consideration, $14 million will be paid in cash with a $2.5 million earnout over a three-year period subject to meeting certain revenue and profitability conditions. Larry Dutra will remain a part of operations along with other Vinesse leadership. The acquisition is expected to close on October 1, 2021.
Vintage Wine Estates, Inc. (NasdaqGM:VWE) completed the acquisition of Substantially All Assets of Vinesse, LLC from Vinesse, LLC on September 28, 2021.
Vintage Wine Estates, Inc. is a vintner in the United States, offering luxury wines produced by its heritage wineries, as well as several popular lifestyle wines. Its brands include Bar Dog, B.R. Cohn, Cameron Hughes, Cherry Pie, Firesteed and Kunde. It also produces hard cider, another form of wine, under the ACE Cider brand. Its segments include Direct-to-Consumer (DTC), Business-to-Business (B2B) and Wholesale. DTC segment sells wine and other merchandise directly to consumers through wine club memberships, at wineriesâ tasting rooms, at wine tasting events, and through eCommerce. B2B segment generates revenue primarily from the sale of private label wines and spirits, and custom services, such as fermentation, barrel aging, winemaking, procurement of dry goods, bottling and cased goods storage. Wholesale segment generates revenue from products sold to distributors, who then sell them to off-premise retail locations such as grocery stores, specialty and multi-national retail chains.
VINTAGE WINE ESTATES, INC. 
