Accolade Wines has expanded its UK portfolio with the acquisition of the Lambrini brand.
Created almost three decades ago, Lambrini is the number one brand of Perry, or pear cider, in the UK. The brand will join Accolade Wines’ portfolio of brands that includes Hardys, Echo Falls, Jam Shed, St Hallett, Grant Burge, and House of Arras.
Accolade Wines stated that the acquisition of Lambrini from current owner Halewood Artisanal Spirits was part of its ambitious growth strategy to maintain its lead position in the UK wine market. It is the company’s third acquisition in the past year, following the purchase of Katnook Estate and Rolf Binder Wines in Australia.
Accolade Wines Chief Executive Officer Robert Foye said: “Lambrini has such a strong heritage and is loved by British consumers. We are excited about the role the brand will play in our broader strategic growth plans for the UK and Europe.”
Halewood Chief Executive Officer Stewart Hainsworth added: “The sale of Lambrini marks the final stage in our corporate strategy to focus on our core portfolio of artisanal spirits with award-winning brands including Whitley Neill Gin and JJ Whitley Vodka as part of a larger emphasis on the gin, vodka, rum and whisky categories from our 12 artisanal distilleries.”
The financial details of the deal were not disclosed.
