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360 Global Wine Co. (fka TGWC)

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360 Global Wine Co. (fka TGWC)

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360 Global Wine Co. (fka TGWC) RSS Feed

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Created
07/27/05
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360 Global Wine Company is an international wine producer and exporter as well as a marketer of fine wine brands. The company's outstanding portfolio of wine brands includes Guy Buffet Cellars, Kirkland Ranch Estate, Jamieson Canyon, Los Colorados, Melbourne Park, and Viansa. In addition, the company plans to introduce an array of wine brands in conjunction with renowned artists and other individuals such as The Andy Warhol Foundation. Combining its portfolio of distinctive wine brands, solid retail distribution and direct-to-consumer experience with a top-notch team of industry professionals, 360 Global Wine Company is poised for significant and continued growth. Global Wine Company announced the completion of the acquisition of Sonoma County-based Viansa Winery and Italian Marketplace for a purchase price of $31 million on July 13th. Financing was provided by Laurus Master Fund, Ltd. in the form of a $34.5 million convertible 3-year-term loan with an interest rate of 200 basis points above the prime rate. Viansa Winery & Italian Marketplace is a destination winery in the Carneros grape-growing region at the entrance to the Sonoma Valley Wine Country. The winery is the premier producer of Italian varietals in the United States, with a 175-acre estate featuring a tile-roofed Tuscan Villa resting on a hilltop surrounded by olive trees and vineyards, and a 90-acre waterfowl preserve. Viansa produces over 55,000 cases of wine annually, with a selection that includes 12 different Italian varietals and 11 California varietals.
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