Press Release - IWA Announces Acquisition of WineKeeper
International Wine Accessories Parent Announces Acquisition of WineKeeper to Create Leading Provider of Wine Storage Products and Accessories
Leading Manufacturer of Wine Dispenser Equipment Adds to Family of Brands that Includes Le Cache Wine Cabinets and CellarPro Cooling Systems. Wine Enthusiasts Will Benefit from Widest Selection of Custom Wine Racks, Cabinets, Cooling Units, Dispensers, Accessories and Gifts
Cotati, CA, June 17, 2013: International Wine Accessories (IWA) parent Planet One Products, Inc. (POP) today announced that it has acquired WineKeeper, a leading manufacturer of wine dispenser equipment for residential and commercial use. With this acquisition, IWA is expanding the quality and breadth of its wine-related products for the benefit of its residential and commercial customers.
WineKeeper will join a family of companies exclusively focused on wine-related products, including Le Cache Premium Wine Cabinets, a manufacturer of premium climate-controlled wine cabinets, and CellarPro Cooling Systems, a leading manufacturer of wine refrigeration equipment. The companies’ customers now will enjoy the widest selection of unique and innovative wine gifts and accessories, custom wine cellar design services and wine storage solutions. These products and services will be available online at www.IWAwine.com, through the companies’ print and digital catalogs, and through the IWA Design Center.
"I was happy to find a high-caliber buyer for WineKeeper," said Norman Grant, the founder of WineKeeper. "The ongoing service to our long-standing customers was a major concern. I believe that POP family of companies is perfectly positioned to carry on and improve upon the Winekeeper brand, and I look forward to working with POP as we grow WineKeeper to new heights."
“WineKeeper is a perfect fit with our existing brands,” said Keith Sedwick, a co-owner of POP. “As an innovator in the wine dispensing market for 30 years, WineKeeper has built a loyal customer base and great line of products for both consumer and commercial use. From single wine bottle dispensers to the largest wine pouring system ever made for a restaurant, WineKeeper’s broad range of products has paced the industry since its founding in 1983. We intend to keep WineKeeper’s brand and build upon its leading reputation in the wine dispensing market.”
Key strategic benefits of the acquisition include:
- Improved Customer Experience: Residential and commercial customers will benefit from an expanded base of product offerings, with easy access to the widest range of wine gifts and accessories, wine dispensers, custom wine cellars and wine storage products.
- Accelerated Innovation: New and innovative products will become available more quickly, as manufacturing technologies and best practices are shared among brands.
- Increased Scale: The combined companies will consolidate their purchasing and vendor relations to maximize buying efficiencies, provide the best pricing for its customers, and simplify accounting and collections for its vendors.
About International Wine Accessories
Founded in1983, IWA is a leading catalog and online seller of custom wine cellars, wine storage products, including wine racks and refrigeration equipment, wine dispensers and wine gifts and accessories to wine lovers around the world. Buying guides, product comparisons, and wine storage tips are available online at www.IWAwine.com.
WineKeeper’s dispensing and preserving systems are used in thousands of the world’s finest hotels, restaurants and homes. WineKeeper products include 1 to 4 bottle dispensing systems for home wine enthusiasts, as well as larger, refrigerated commercial units in a choice of sizes and finishes. WineKeeper systems use proven nitrogen gas preservation technology, and are made in the USA. For more information, visit www.WineKeeper.com.