Terlato Wine merging spirits division with South African company

Terlato Wine merging spirits division with South African company

Terlato Wine Group is merging its artisan spirits division with the U.S. division of South Africa’s Distell Group, forming a new joint venture based and operated out of Lake Bluff. Terlato Wine Chief Executive Bill Terlato will be CEO of the equally owned joint venture, which will be operated as a separate division of Terlato Wines called Artisan Spirits. The deal is expected to be finalized in the first quarter of 2016. Both companies are contributing an equal amount of capital to form the business, Terlato said.

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