Oak Solutions Group, Napa, Calif., said it acquired Innerstave, which pioneered the oak alternative industry. Terms weren't disclosed.
“The Innerstave acquisition will give us the opportunity to sell additional stave formats and expand our market share in North America, South America, and globally,” said Oak Solutions Group Global Managing Director Kyle Sullivan. “Existing customers will still have access to the excellent Innerstave products they currently purchase as we will be protecting the technology and production process that is the cornerstone of their unique flavor profiles.”
Innerstave approached Oak Solutions Group, as a fellow industry leader, with the offer to purchase the assets and continue growing the brand. The Oak Solutions Group portfolio currently includes evOAK oak alternatives and tru/tan oak tannins. Innerstave will be incorporated into the portfolio as another premium oak alternatives option.
“I believe Innerstave recognized that we have the knowledge, R&D, and sales resources to continue growing the brand as major player in the oak alternatives industry,” said VP of Business Development, Jason Stout. “Innerstave has supported the wine industry for years and we are proud to continue their vision for the brand into the future.”