The JSE-listed Distell Group is set to substantially boost its profile in the USA where it has established a joint venture with the family-owned Terlato Wine Group which represents over 70 wines from 12 countries.
The two companies are merging their spirits interests in the USA to create a combined Terlato Artisan Spirits division. Owned equally by the two parties, the joint venture will be led by Terlato CEO, William Terlato, in the interim, until a CEO for the spirits division is appointed. It will operate as an independent commercial division within the Terlato Wine Group. The new entity will begin trading from February 2016, servicing spirits markets across the USA from its base in the Chicago area in Illinois.
