A win import and wholesale business has become one of the largest operators in the UK following a successful acquisition supported by a multi-million finance package from Yorkshire Bank.
Lancaster-based EWGA Wines, which supplies wines from across the world to the hotel and restaurant market, has recently completed the acquisition of assets owned by Heritage Wine Company in Gloucestershire and Helvan, based in Bristol.
This merger has increased business revenue by 40% and means EWGA now owns two of the five bonded warehouses owned by wine merchants in the UK.
The company, a new customer to Yorkshire Bank, was established by Gerald and Pamela Moeckell in 1972 but has been owned and run by their son, Adrian, since 1991.
The business has grown significantly – 10% increase year-on-year – in the last decade by diversifying into multiple areas of the wine trade and expansion through the purchase of regional wholesalers and agency businesses.
Already an established operator in the north west, this latest acquisition has strengthened the company’s position in the south west of the country by adding a regional hub to serve the London market and allowing the business to operate on a national scale.
The move has also increased staff numbers from 26 to 45.
Managing director Adrian Moeckell said: “We are delighted to have the opportunity to integrate this well respected regional wholesaler into our existing portfolio.
“There are many similarities between the two businesses which make it a natural fit and during the course of this process we have been impressed by the high standard of the operation and its personnel.”