Gruppo Caffo 1915 to acquire Cinzano and Frattina from Campari for €100 m.

Gruppo Caffo 1915, a family-owned spirits distiller, agreed to acquire wine makers Cinzano and Frattina from Campari, an Italian beverage company, for €100 m. "The sale of Cinzano vermouth and sparkling wines and Frattina businesses marks a key step in our strategy of streamlining our portfolio via disposals, allowing us to increase our commercial and marketing focus on our key core brands. We are very pleased to execute this transaction with Caffo Group 1915, a focused player in alcoholic beverages with strong international ambition, hence the best fit for the future development of these brands," Simon Hunt, Campari CEO.