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Molinos Río de la Plata has signed an agreement to acquire Bodega Etchart from Pernod Ricard Argentina, strengthening its position in the Argentine wine sector and expanding its growing portfolio of premium wineries.

The transaction, which remains subject to customary regulatory approvals and closing conditions, will see Molinos add one of Argentina's most historic and recognised wineries to its Fincas & Bodegas platform.

Founded in 1850 and located in Cafayate, Salta, at the heart of the Calchaquí Valleys, Bodega Etchart is widely regarded as the flagship winery of northern Argentina. The producer is known for its Etchart and Cafayate wine brands, which showcase the distinctive terroir of the Salta region.

The acquisition adds to Molinos' existing wine business, which includes Nieto Senetiner, Cadus, Ruca Malen and its partnership in Viña Cobos. The company said the move aligns with its long-term strategy to build a portfolio of differentiated wineries and strengthen the international presence of Argentine wines.

Agustín Llanos, CEO of Molinos Río de la Plata, said: "The incorporation of Bodega Etchart represents a new step in the development of our Fincas & Bodegas platform. We deeply believe in the potential of Argentine wine and in the construction of brands with identity, quality and international projection. We are excited to welcome Bodega Etchart to Molinos."

The acquisition also reflects the continued diversification strategy of the Perez Companc Group, which owns Molinos Río de la Plata and operates across the consumer goods, agriculture and energy sectors.

For Pernod Ricard, the divestment marks another step in its ongoing strategic shift away from still wines to focus on its core spirits and champagne portfolio. The French drinks group acquired Bodega Etchart in 1996, approximately 30 years before agreeing to sell the business.

The sale follows a series of wine asset disposals by Pernod Ricard. In 2024, the company completed the sale of the majority of its global wine operations, leading to the formation of Vinarchy through the combination with Accolade Wines. More recently, Pernod Ricard exited California's wine industry with the sale of its Mumm California assets to Trinchero Family Wine & Spirits, followed by the divestment of Kenwood Vineyards.

Financial terms were not disclosed.