Bibendum sells Argento

Bibendum Wine has sold Argento Wine Company to Argentine wine group Inversora Agroindustrial Sudamericana.

The move, which was completed last week, will see the Argento increase its winery and vineyard capacity, gaining access to “some of the most prestigious vineyards” in the Agrelo and Uco Valley regions of Mendoza.

Argento joins an Inversora wine portfolio that includes fellow Argentine winery Bodega Vistalba, as well as Bodega Garzon in Uruguay and Renwood Winery in Amador County, California.

“We are very pleased to have completed this important step in the development of our international wine business,” commented Inversora directors Alejandro Bulgheroni and Carlos Pulenta.

“The Argento brand has achieved outstanding global recognition over the past decade and we now have a unique opportunity to combine our extensive vineyard and winemaking facilities with Argento’s global reach and internationally based team.”

Argento, which was launched in 1999 and is currently sold in more than 50 countries around the world, will continue to operate offices in London, Mendoza and Europe.

Looking to the future of the brand, Amelia Nolan, managing director of the Argento Wine Company, said: “We have always positioned ourselves to be close to our markets, and integrating our business with the vineyards required will enable us to further develop the huge potential that we believe premium wine from Argentina has around the world.”