Two of the UK's leading wine merchants are to join together after Enotria said it has acquired rival Coe Vintners for an undisclosed fee.
Enotria said buying Coe Vintners would give it an ‘un-matched portfolio’ of top wines and spirits in the UK.
The deal is another example of consolidation in the UK wine market, which has faced a lean few years following recession and successive duty tax rises.
Enotria’s chief executive, Troy Christensen, said the acquisition was critical for his company’s growth strategy. He highlighted Coe’s strength as a bar and restaurant supplier.
‘Coe Vintners has built a fantastic business as the UK’s leading wholesaler of premium on trade Champagnes, wines and spirits,’ he said. ‘There are many complementary aspects with the Enotria business.’
Both companies will continue to operate separately during a transition period.
Less than a year ago, two other big UK wine merchants also joined forces when Bibendum acquired supermarket and retailer-focused supplier PLB in a merger deal.