The Duckhorn Portfolio pens two fresh US distribution deals [Yahoo! Finance]
The Duckhorn Portfolio, Inc. (NAPA)
Company Research
Source: Yahoo! Finance
“With the recent closing of our Sonoma-Cutrer acquisition, The Duckhorn Portfolio has grown in both scale and scope, and we are now the largest supplier of $15-plus wines in the off-premise channel in the US,” said Deirdre Mahlan, Duckhorn president and CEO. “Acquiring Sonoma-Cutrer provided an excellent opportunity to evaluate and optimise our distributor network across the US to strengthen our ability to drive consistent profitable growth and increase shareholder value.” Pete Przybylinski, executive vice president of Duckhorn, said the group has worked with both distributors “for decades” and the new deal means “greater focus and investment in our winery brands, broader reach and deeper market penetration”. He added: “We see many benefits of these enhanced relationships, not only for us and our distributors, but most importantly, for our retail customers and consumers.” The new deals come shortly after Mahlan was announced as permanent CEO and president of Duckhorn after sh
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