“Through this acquisition we secure our supply of high-quality grapes in the Purcari village, to sustain our accelerated growth as we ramp up our export sales,” said Victor Bostan, CEO of Purcari Wineries PCL.
The closing of the deal should take place within three weeks from the signing date and the company will acquire all the other Timbrus assets, indulging product inventories and equipment.
This acquisition is expected to bring the total group area of vineyards under management to nearly 1,600 hectares.
Purcari Wineries ended 2023 with RON369.4 million revenue, 22% higher than in 2022, while the net profit rose 45% to RON59.6 million.
(English version by Loredana Fratila-Cristescu)