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Italy: CIV & Riunite Merge to form $600 Million Winery

Lambrusco producer Cantine Riunite & CIV, one of Italy’s largest cooperative wineries, has bought Gruppo Italiano Vini, another big Wine co-op, creating a $600 million winery business.The deal creates one of the largest wine groups in the world, producing 110 million bottles a year from grapes sourced from 2,800 growers for an estimated annual turnover of $600 million, according to a Cantine Riunite & CIV press statement.

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Saturday, January 20, 4:51 pm

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