Bill Foley Forms Strategic Alliance With Australian Wine Company
on 25/04/11 at 3:31 pmIndustry
Producer, Marketer and Distributor of Fine Wine Acquires Non-Controlling Interest in Wineinc.
Bill Foley, owner and operator of Foley Family Wines, announced that Foley Family Wines New Zealand has acquired a non-controlling interest in Australian wine company Wineinc, developer of acclaimed Australian wines Gotham, Wine Men of Gotham, Stalking Horse, Rusty Gate, Mastermind and StepXStep (SXS in the U.S.).
Wineinc was founded in 2004 by Bruce Clugston and Fiona White. The wines have very wide appeal in many countries including Australia, USA, Singapore, Japan and China.
According to Foley, “We are thrilled to partner with Wineinc. Their highly successful wines represent the best of Australia and will allow us to expand the global reach of our portfolio.”
Also effective immediately, Bruce Clugston has been appointed President of Foley Family Wines New Zealand and will be assuming global responsibility for Foley Family Wines New Zealand’s brands including Clifford Bay, Vavasour, Goldwater and Dashwood. Bruce’s impressive resume includes 30 years of wine experience as a retailer, distributor and exporter prior to launching Wineinc’s flagship Gotham wine in 2004.
Clugston said, “I am excited that Foley Family Wines’ New Zealand wine portfolio is complementary to the Wineinc and completes our offerings with quality ‘Cool Climate’ red and white wines. This alliance gives Wineinc access to the FFW USA’s distribution network allowing us to enhance our impact and expansion in the USA. I see great synergies for sales and marketing joining with such a reputable wine company as Foley Family Wines.”