|
|
Article: 360 Global Wine Company Acquires Viansa Winery; Appoints New President and Executive Management Team.
- Article from:
- Business Wire
- Article date:
- June 28, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NAPA, Calif. -- Acquisition Fulfills 360 Global Wine Company's Plan to Expand its Brand Portfolio with a Winery That Brings Scalable Business Model and Management Expertise to Enterprise
Joel "Jake" Shapiro, CEO of 360 Global Wine Company (OTCBB:TGWC) today announced the execution of contracts to acquire Sonoma County-based Viansa Winery and Italian Marketplace. Closing is expected to take place Tuesday, June 28th, 2005. 360 Global Wine Company is required to pay $31 million dollars cash at closing for Viansa, which it will purchase from the seven children of founders Sam and Vicki Sebastiani, all of whom were equal partners in the winery. At the same time, ...