InVivo-backed Cordier to merge with AdVini.

InVivo-backed Cordier, a producer, marketer, and distributor of wine, agreed to merge with AdVini, a producer, supply chain operator, and worldwide distributor of wine. Financial terms are not disclosed. "This merger would allow us to accelerate Advini's growth, enter the dynamic sector of sparkling wines and low-alcohol wines, and expand our international distribution network, which would benefit all our wine houses. The new entity we would create would also enable us to achieve significant commercial synergies and increase the profitability of our group," Antoine Leccia, AdVini Chairman of the Board.