Quintessential Acquires U.S. Brands from Accolade Wines
The landmark deal will include Geyser Peak, Atlas Peak, XYZin and Outlot wines
According to the wine industry advisor,
Family owned-and-operated fine wine importer Quintessential will become the custodian of all U.S.-produced wines within the Accolade Wines portfolio. The acquisition, effective August 1, will include production, global sales and marketing of four labels: Geyser Peak, Atlas Peak, Outlot and XYZin. This news follows the partnership announced in May, when Quintessential became the exclusive U.S. importer of several of Accolade’s exported wines.
“It is an honor to procure such a prestigious and historic portfolio of wines, including the iconic Geyser Peak,” said Dennis Kreps, co-owner with his father, Stephen D. Kreps, of Quintessential. “As the Geyser Peak brand enters its 140th anniversary this year, our main focus will be in growing its footprint and continuing to restore the wine to its former glory.”
Read more at source: wine industry advisor,