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08.2008

Massachusetts Beverage Business

archivedAtPressTime

WINEBOW and CLICK WINE GROUP ANNOUNCE MERGER

ORGANIZATIONS will CREATE SUPER-PREMIUM PORTFOLIO. Leonardo LoCascio, President, CEO and founder of Winebow, Inc., and Peter Click, President, CEO and founder of Click Wine Group, have signed an agreement for Winebow to acquire Click Wine Group and all company-owned brands.
Winebow is an importer of fine Italian wines and a major importer and distributor of wines from around the world. The company also owns significant distribution operations in key Northeast markets. Click Wine Group is a leader in creating and developing innovative super-premium wine brands from around the world, including category leaders Fat Bastard from France, Root:1 from Chile and Clean Slate from Germany.
“This acquisition will result in a 1.5MM-case import portfolio from virtually all of the best wine regions in the world, advancing our aim to be the leading super-premium import wine supplier in the USA,” said Mr. LoCascio. “We are very excited about the successful brands Click Wine Group has created using their innovative business model, and look forward to working with their team to take them, as well as our own key brands, to the next level.”
Click Wine Group will continue to be based in Seattle under the same name, operating as a division of Winebow. LoCascio will continue as CEO and President of Winebow, Inc. Click will continue as President of Click Wine Group, also based in Seattle, and move into the additional role of Executive Vice President of Winebow.

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