A Warton-based wine import and wholesale business has become one of the largest operators in the UK following a successful acquisition supported by a multi-million pound finance package from Yorkshire Bank.
EWGA Wines, which supplies wines from across the world to the hotel and restaurant market, has recently completed the acquisition of assets owned by Heritage Wine Company in Gloucestershire and Helvan, based in Bristol.
The merger has increased business revenue by 40 per cent and means EWGA now owns two of the five bonded warehouses owned by wine merchants in the UK.
The company was established by Gerald and Pamela Moeckell in 1972 but has been owned and run by their son, Adrian, since 1991. The business has grown significantly – 10 per cent increase year-on-year – in the last decade by diversifying into multiple areas of the wine trade and expansion through the purchase of regional wholesalers and agency businesses.
Already an established operator in the north west of England, this latest major acquisition has strengthened the company’s position in the south west of the country by adding a regional hub to serve the London market and allowing the business to operate on a national scale. The move has also increased staff numbers from 26 to 45.
Managing Director Adrian Moeckell said: “We are delighted to have the opportunity to integrate this well respected regional wholesaler into our existing portfolio.
“There are many similarities between the two businesses which make it a natural fit and during the course of this process we have been impressed by the high standard of the operation and its personnel.
“It will, of course, take some time to integrate the businesses but we couldn’t have even attempted this process without the exceptional support and the strength of the staff we have in place.
“We’re fortunate to have been able to build such a strong team across the business.
“We approached six banks and could have closed the deal with four of them but the reason we went with Yorkshire Bank was the level and speed of service.
“They were so efficient in closing the deal and really delivered on all their promises.”