Henkell Freixenet, the international sparkling wine producer, has acquired a 60% stake in Cassidy Wines, the Irish wine distributor. The combined business will operate under the established Cassidy Wines name as part of the Henkell Freixenet group, with the ambition of becoming one of Ireland’s leading wine distribution companies.
Cassidy Wines, which possesses almost 50 years of experience in the Irish wine trade, will continue to operate from its modern bonded warehouse in Citywest. The partnership aims to capitalise on growth in Ireland, where the sparkling wine market recorded a compound annual growth rate (CAGR) of 6% over the past decade.
Dr Andreas Brokemper, CEO of Henkell Freixenet, stated: “Cassidy Wines has an excellent reputation, deep roots in the Irish market and strong, long-standing relationships with customers and suppliers. By joining forces, we are combining these strengths with Henkell Freixenet’s international portfolio and expertise”.
Neil Cassidy, managing director of Cassidy Wines, added: “This partnership marks an exciting new chapter for our business. For our customers and partners, it means access to a broader portfolio while continuing to work with the Cassidy Wines team”.
Source: Henkell Freixenet
