Organic Italian wine producer Il Borro Toscana has acquired Tuscan peer Tenuta Pinino, a move it said “significantly enhances” its fine-wine portfolio.
The deal, struck for an undisclosed sum, will see Il Borro buy Tenuta Pinino’s 21-hectare estate, of which 16.2 hectares are under vine. It has also acquired a bottling line, wine cellar and house.
No changes will be made to staff at the site.
The transaction adds wines from the Italian DOCG Brunello di Montalcino to Il Borro’s stable. A “large portion” of Tenuta Pinino’s wines hail from the fine-wine DOCG, Il Borro said.
“We couldn’t be more thrilled about this acquisition, which allows us to expand our production and enrich our portfolio with the world-renowned Brunello di Montalcino,” Il Borro president Ferruccio Ferragamo said.
“It is a significant investment that will further elevate our commitment to excellence in winemaking. With Il Borro Wines, we aim to offer an ever-broader and higher-quality range of wines and labels.”
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By GlobalDataFamily-owned Tenuta Pinino produces around 80,000 bottles annually from varieties including Brunello, Rosso di Montalcino and Saint Antimo Sangiovese.
The original estate was built in Montalcino in 1874. It was bought in 2003 by couples Andrea and Hannes Gamon and Silvia and Max Hernandez.
The four co-owners have sold all shares in the business and will no longer be involved in its management.
Ferruccio Ferragamo bought the Il Borro estate in 1993, after taking a holiday in the area with his family. He restored the vineyards and first harvested grapes in 1999. Il Borro built its winery in 2004 and began converting its first vines to organic in 2012.
Il Borro now has a farm, wine museum, restaurant and hotel. As well as wine, it produces olive oil and honey. The estate’s revenue increased 18% year-on-year to €22m ($24m) in 2023.
Its namesake brand, Il Borro Toscana, is headed by CEO Salvatore Ferragamo – Ferruccio’s son. Salvatore’s sister, Vittoria, manages the company’s sustainability program.
Il Borro owns 1,100 hectares of land, 84 of which are vineyards (not inclusive of Tenuta Pinino). The remaining land houses 29 hectares of olive groves, 272 hectares intended for “fodder and arable crops”, three hectares for organic horticulture and the rest is dedicated to forestry. All the estate’s activities are organic.
