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Schloss Wachenheim AG will acquire a majority stake in Rindchen's Weinkontor on July 1, 2017. The wine retailer, based in Bönningstedt near Hamburg, sells its products in its own specialist wine shops and partner accounts, in online trading and via system partnerships and as a partner of the catering trade and specialist retailers.

"For us, the acquisition of the shares is the perfect complement to our existing business and a sensible expansion of our depth of value creation," commented Wachenheim's CEO Oliver Gloden on the purchase. Schloss Wachenheim is already implementing a similarly successful concept at its subsidiary Ambra in Poland.

"After more than 40 years of independence, it was particularly important for us to find a partner who could secure and maintain the structure of the company and thus also the jobs of our colleagues," said Gerd Rindchen. He added that the deal would enable "exciting synergies to be created in order to make even better use of our pronounced skills developed over time in terms of procurement, product development and communication, both nationally and internationally".

With sales of around 20 million euros and a portfolio of over 800 wines from more than 250 businesses, Rindchen's Weinkontor is one of the two leading wine suppliers in Germany. The previous owners and founders Gerd and Christine Rindchen will remain with Wachenheim AG in responsible positions and as minority shareholders in the company.

With a total of around 100 employees, the wine retailer operates thirteen of its own wine accounts in the Hamburg and Munich areas as well as eight partner accounts and an online shop at www.rindchen.de

Schloss Wachenheim AG is one of the world's largest suppliers of sparkling and semi-sparkling wines and other alcoholic and non-alcoholic beverages. The Group operates its own companies in Germany, France, Poland, Romania, the Czech Republic and Slovakia and generated sales of 293.2 million euros in the 2015/16 financial year.

Nothing has been disclosed so far about the purchase price.

(uka / Photo: Schloss Wachenheim AG)

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