Copestick Murray purchases Free Run Wines
Copestick Murray has purchased French wine specialist Free Run Wines and is now busy integrating the team into its growing business.
Copestick Murray’s turnover is expected to break the £50 million barrier for the first time this year thanks to surging sales of brands like I Heart.
Last month it acquired a 40% stake in online retailer Slurp and managing director Robin Copestick said the plan is to become one of the most successful and diverse wine companies in the UK and Ireland.
The addition of Free Run Wines will bolster its portfolio from France and Spain. The business, which was set up by Nicolas Bauer and Charles Elms in 2001, is set to post a turnover of £12 million this year.
Copestick said: “We have an exciting and ambitious strategy which will hugely benefit from the addition of Charles, Nicolas and team. They have strengths with customers and supply areas which will significantly add to the ever growing portfolio that Copestick Murray has attained over the last twelve years.
“Nicolas and Charles built up a fantastic business and some great relationships and we are all really looking forward to working with them in the future.”
The amount of the purchase price has been agreed to remain confidential by the contract partners.
Bauer said: “As soon as we started talking with Robin, the strategic fit between our businesses was evident and together we have ambitious plans for the future which will draw on these synergies.”
Elms added: “We are very excited by this development and are looking forward to being part of the Copestick Murray team with its diverse and interesting portfolio. The opportunities for our combined businesses are enormous.”