US-based Integrated Beverage Group (IBG) has acquired Ransom Wine Co & Distillery to diversify its wine offerings.

Financial details of the deal are yet to be divulged by either company.

Based in Oregon’s Willamette Valley, Ransom Wine Co & Distillery produces handcrafted wines, vermouth, grappa, whiskey, and gin.

With this deal, IBG aims to strengthen its foothold in the high growth category of craft spirits and solidify its position as a leader in Oregon wine.

Additionally, the transaction includes Ransom Wine Co & Distillery’s McMinnville tasting room.

Ransom founder Tad Seestedt said: “My passion and interest has been primarily for production, both winemaking and distilling, in addition to farming and education.

“This strategic partnership allows me to fully focus on those particular endeavours and to leverage the strength of IBG’s business management, sales and marketing. It is a mutually beneficial arrangement.”

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Established in 2015, IBG produces and distributes wines with its proprietary winemaking technology.

It creates accessible wine brands including Duck Pond Cellars, Great Oregon Wine Company, Lifevine, Rascal, Lil’ Rascal cans, Replica, and Swing Set.

IBG CEO Ari Walker said: “We’ve been waiting for the right wine and spirits partner that shares our stance on the importance of transparency, quality and overall purity in production.

“Furthermore, it was key for us to find a company that not only provided us an entry into the spirits category but also expanded our wine offerings outside of the traditional Oregon varietals.”

For this transaction, Zepponi and Company served as the financial advisor to Ransom Distillery and Winery.