Sparkling wine giant Henkell & Co Gruppe has taken a 75% stake in Filipopolis, a major Lithuanian distributor. This gives Henkell a major presence in the growing markets of the Baltic region. The move will give Filopoplis access to Henkell’s sparkling wine portfolio.
“The partnership with Henkell & Co is an ideal connection for our company,” said Liudas Zukaitis, managing director and owner of Filipopolis in a statement. He went on to say that the Henkell Group’s sparkling expertise was of particular interest to the company. “Additionally, our integration into the Henkell & Co Gruppe gives us direct access to a powerful international network for sparkling wine, wine and spirits. We are all very pleased with this fantastic opportunity.”
Filipopolis, headquartered in Kauna, has operated for more than a quarter of a century and has achieved earnings of €7m. It distributes the Hungarian sparkling wine brand Törley and Champagne Drappier, along with a number of premium Italian brands and Chilean wines.
“Lithuania is the sparkling wine market with the highest levels of consumption in the Baltics,” said of Henkell & Co Gruppe, in the same statement. “We are optimistic that we can also establish our international core brands in Lithuania.”
Henkell has had a presence in the Baltic region since it acquired Budampex in Estonia in 2008, and then founded Henkell & Co Baltic in Latvia in 2011.
Headquartered in Wiesbaden, Germany, Henkell is a major producer of sparkling wines. Its brands include Henkell, Champagne Alfred Gratien and Mionetto Prosecco, one of the world’s bestselling Proseccos, among others. In late March 2018, Henkell announced that they had acquired 50.67% of Spain’s Freixenet, one of the world’s leading cava houses, for a reported €220m.