Overview
- Molinos announced on Tuesday, June 23 that it reached an agreement with Pernod Ricard Argentina to acquire Bodega Etchart, covering specified assets, brands and personnel.
- The company filed the transaction as a 'hecho relevante' with Argentina’s market regulators and said the deal remains subject to the usual authorizations while no purchase price was disclosed.
- Etchart brings more than 400 hectares of vineyards around 1,700 meters above sea level and is closely identified with Torrontés and other high‑altitude wines from the Valles Calchaquíes.
- The purchase gives Molinos a fifth major winery for its Fincas & Bodegas platform alongside Nieto Senetiner, Cadus, Ruca Malen and its stake in Viña Cobos and follows Molinos’ early‑June acquisition of NotCo’s local operations.
- The sale ends nearly 30 years of Etchart control by Pernod Ricard and returns the historic Salta estate to a local group, a change that could reshape regional ownership, preserve jobs through included personnel transfers, and affect marketing and export plans once approvals and integration proceed.