Henkell & Co snaps up remaining 40% of Copestick Murray
German firm Henkell & Co has purchased the remaining 40% of Copestick Murray shares, two-and-a-half years after buying the initial 60%.
Robin Copestick, who will continue as managing director at Copestick Murray, said he was now looking to the future with huge optimism and excitement.
Henkell & Co.-Gruppe is one of Europe’s largest wine and spirits producers and is the market leader for sparkling wine in Austria, Sweden, Hungary, Estonia, the Czech Republic, Slovakia, Ukraine and Canada.
It is also the leading Prosecco supplier to the US and the market leader for still wine in Hungary, the Czech Republic and Slovakia.
Andreas Brokemper, chief executive at Henkell & Co, said: “We are very pleased with the progress of Copestick Murray since we purchased 60% of the company in September 2013. As a result all the interested parties agreed that the time was right for Henkell & Co. to wholly own Copestick Murray.
“This new arrangement will allow Copestick Murray to keep progressing and become one of the leading wine companies in the UK. It will also help the company to focus on making Mionetto one of the top Prosecco brands in the UK and to continue the fantastic global progress of I Heart wines.”
Copestick added: “We are all very happy with this news. When Paul [Murray] and I created the company in July 2005 we could not imagine that the company would become as successful as this. We are proud of the achievement, very grateful to the very many key staff who have contributed to this success and we feel very fortunate to have found such a great partner in Henkell & Co. I am looking to the future with huge optimism and excitement.”
Copestick Murray announced record turnover and profit in 2015 and exports to 30 different international markets as well as supplying the UK with leading brands such as the I Heart range.
It recently bolstered its portfolio with wines from Chilean producer Aresti and believes it can help the firm become a major player in the UK market.