As well as producing the UK's third best-selling sparkling wine brand by volume, the company sells wines from premium Spanish regions to independents. These include Viña Pomal in Rioja, Raimat in Costers del Segre, Legaris in Ribera del Duero and Scala Dei in Priorat.

Bodegas y Viñedos Codorníu Raventós is also the UK agent for New Zealand producer Invivo and Australia's Thorn-Clarke.

The company owns eight wineries in Spain and one each in Argentina and the US, as well as over 2,500ha of vineyards.

"Our new name also reinforces our winemaking heritage and family roots. Established in 1551 as a winemaking company, Codorníu became intrinsically linked with the Raventós family in the 17th century when the Codorníu heiress Anna married into the Raventós winemaking dynasty," a spokeswoman said.