Cantina di Soave buys Cantina di Montecchia

On Wednesday April 24th, the Cantina di Soave winery has merged with Cantina di Montecchia, another important venetian wine cooperative. With this acquisition Cantina di Soave further strengthens its position in the Italian and European market. It owns five production plants, and sells 30 million bottles per year, with a turnover of over 70 million euros. Cantina di Soave has enlarged its social base to 2.200 members, that own 6.000 hectares of vineyards, for a total of one million quintals of grapes produced annually. "We are very happy for this operation - says Bruno Trentini, General Director of Cantina di Soave - becouse it follows a logic of consolidation that becomes more and more indispensable nowadays". Thanks to this acquisition, Cantina di Soave will be able to manage 48% of the Soave Doc total production, 43% of the Soave Classico, and 50% of the Valpolicella denomination. Furthermore it will become the largest producer of Lessini Durello wine. "The acquisition of the Cantina di Montecchia - concludes Attilio Carlesso, new president of the Cantina di Soave - follows a general trend to consolidation between Italian wine cooperatives, with the aim of improving the efficiency of the industry, and of increasing the production quality".