Wine and Spirits distributor Martignetti Companies of Norwood, Massachusetts has announced its acquisition of Commonwealth Wine & Spirits of Mansfield, MA.
Commonwealth is the exclusive distributor of E. & J. Gallo Winery brands in Massachusetts, as well as a portfolio of other fine wines and spirits. This acquisition creates a new strategic relationship between the third generation-owned Martignetti Companies and E. & J. Gallo Winery. According to an announcement the transaction, solidifies Martignetti's position as the 7th largest wine and spirits distributor in the United States.
Commonwealth will become a division of Martignetti Companies. It will consist of an exclusive selling organization for the E. & J. Gallo brands, and will operate from the Martignetti facility in Norwood. Additional brands in the Commonwealth portfolio will be represented by other divisions within the Martignetti organization.
Carmine and Carl Martignetti, principals of Martignetti Companies, said of the transaction: "This acquisition represents a tremendous opportunity to begin a new strategic partnership with E. & J. Gallo Winery, one of the world's preeminent wine companies, and at the same time to build upon the demonstrated success of the Commonwealth organization in our marketplace."
"We are excited to be working with Martignetti Companies as we know they will do a tremendous job of promoting the Gallo brands in Massachusetts," Joseph E. Gallo, President and Chief Executive Officer of E. & J. Gallo Winery said in a press release.
Established in 1908, Martignetti operates in Massachusetts as United Liquors, Carolina Wine Company, Classic Wine Imports, and Commonwealth Wine & Spirits, and in other New England states as Martignetti Companies of New Hampshire and Vermont, Rhode Island Distributing Company, through a joint venture, and as Maine Beverage Company, the exclusive distributor of spirits in the state of Maine.