Recently, FoleyFamilyWines has officially acquired the acrobatic wine brand of American Kim's Winery, however, the exact amount of the acquisition has not been disclosed.
Image courtesy of: winespectator
According to a Wine Spectator spokesperson, during a full year in 2017, annual wine production under Kim"s Acrobats brand reached 156,000 cases, a 10 percent increase year-over-year.
The current retail price per bottle for the Acrobats brand ranges from $13 to $20, and the majority of sales for this brand are from Pinot Grigio wines, with Pinot Noir wines coming in second place in terms of sales. In addition to the above two wines, the Acrobats brand also includes Chardonnay and Pinot Noir rosé wines.
Hugh Reimers, chairman of FoleyFamilyWines USA, said: "The acquisition of Kim's Winery's Acrobats wine brand will facilitate our further expansion into the wine market in the Oregon appellation.
To date, FoleyFamilyWines' major wine brands include Chalk Hill, Chalone, Kuleto, Sebastiani, Foley Johnson and others.