Spirits and wine distributor Major Brands has acquired an American wine distributor Garco Wine for an undisclosed amount.
The move forms a part of the company's strategy to rebuild its portfolio after some suppliers including Diageo and Bacardi have moved from it this year.
Commenting on the transaction, Major Brands CEO Susan McCollum was quoted by St. Louis Post Dispatch as saying that like Major Brands, Garco is a third generation Missouri company and by combining, they become stronger.
"Adding Garco, which distributes brands including Opus One and Robert Mondavi, will boost Major Brands' fine wine sales by 15 percent next year," added McCollum.
"We're looking for opportunities to rebuild our business."
In addition, Pernod Ricard USA has named Major Brands as its exclusive distributor for Missouri.
