The Fladgate Partnership, the owner of Taylor and Fonseca, continues the trend of consolidation in the Port industry by buying the Port firm of Wiese & Krohn, previously owned and run by the Falcão Carneiro family. Wiese & Krohn was founded in 1865 by two Norwegian entrepreneurs and is the owner of  Quinta do Retiro Novo. Wiese & Krohn is renowned for its Colheitas and old tawnies.

The deal includes Wiese & Krohn’s brand, stocks and vineyard holdings, including an estimated 5 million liters of port dating back to 1863. By acquiring Wiese & Krohn Taylor is taking a major step in strengthening its position in the tawny and colheita market.