Novato Wine Company Sells To Storied Argentinian Firm: Report

NOVATO, CA — A Marin wine company has been sold to a storied Argentinian firm that traces its roots to the 19th century, The North Bay Business Journal reports.

WX Brands was founded in 1999 as a winery exchange and the Novato-based company within five years launched its own brands.

The company was sold to Terold, which originated in 1888, the report said.

WX Brands will continue to operate as a separate company, the report said.

Terms of the deal were not disclosed according to the report.

WX Brands has a portfolio of 11 national brands and 43 “exclusive” brands with an annual case production of 2.3 million, an industry trade publication reported earlier this year.

Read more in The North Bay Business Journal