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TWE buys majority stake in French winery Chateau Lanessan

TWE buys majority stake in French winery Château Lanessan
(Source: Supplied)

Treasury Wine Estates has acquired a majority stake in Chateau Lanessan, one of the oldest wine estates in France.

The acquisition is expected to double the company’s French production capacity for its Penfolds brand.

“Increasing our production capacity with such a historic site will support our future growth plans as we respond to consumer demand for wines across our portfolio of brands,” said Kerrin Petty, chief supply officer at TWE.

Established in 1793 by Bordeaux wine merchant Jean Delbos – with nine generations of the Bouteiller family as its custodians – the property includes 390 hectares of land with 80 hectares of Haut-Medoc-appellated vineyards planted with typical Bordeaux varieties of Cabernet Sauvignon, Merlot and Petit Verdot.

“With this project, I am peaceful, reassured by the human qualities met at TWE, and confident in their vision of the future for Lanessan,” said a spokesperson for the Bouteiller family.

Aside from producing Penfolds wine, the French winery will continue to produce wine under its Chateau Lanessan, Les Caleches de Lanessan, and Chateau de Sainte Gemme labels and will be distributed through its existing channels.

Tom King, MD at Penfolds, said that the company has “ambitious plans” to invest in the historic property and introduce the region’s unique winemaking traditions to consumers.

“We look forward to collaborating with the Bouteiller family and winemakers to enhance the Chateau’s production capability and reputation for quality wine while also deepening our relationships with the local Bordeaux community,” concluded King.

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