EPI completes Piper-Heidsieck purchase

11 July, 2011

Rémy Cointreau has completed the sale of all the shares in Piper-Heidsieck-Compagnie Champenoise to the EPI Group (Européenne de Participations Industrielles).

The EPI Group has now assumed control over the champagne business in Reims, France, which includes the Piper-Heidsieck and Charles Heidsieck brands, and Piper Sonoma, the sparkling wine brand in the US.

The deal was for an ‘enterprise value’ of €412.2m, as reported on Drinksint.com in June. Read the full story here.

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