Exwork has sold 51% of the shares in Excellars AS to Arcus-Gruppen, where the Swedish investment company Ratos is the majority owner. Financial details have not been disclosed.
Excellars is Norway’s sixth largest wine supplier, with brands that include Allesverloren, Casa Vinicola Botter, Francois Lurton and Vignobles André Lurton.
Arcus-Gruppen is Norway’s leading spirits producer and one of the largest wine suppliers in the Nordic region through Vingruppen, Vinordia and Arcus Wine Brands. The group’s best-known spirits brands include Braastad Cognac, Linie Aquavit, Løiten and Vikingfjord Vodka. Ratos’s holding in Arcus-Gruppen amounts to 83%.
Oaklins' team in Norway advised the seller in this transaction.
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