France: Vranken-Pommery spends E37m buying new vineyards
France: Vranken-Pommery spends E37m buying new vineyards
Dec 7, 2012 6
(Decanter) - Champagne group Vranken-Pommery Monopole has spent more than €37m increasing its vineyard holdings with the purchase of five companies in the region, including Bissinger & Co. The deals, for a total of €37.6m, include the acquisition of Bissinger’s Domaine du Montchenois, a 22-hectare vineyard on the Massif de Saint-Thierry, north-west of Reims, and supply contracts covering some 228ha of vines in total.
Vranken-Pommery said Bissinger was the primary focus of the acquisitions, which also include traditional broker GV Courtage, SC du Pequigny – the owner of 2.6ha of vineyards in the southern Aube area – and CDA Gmbh, the agency which handles Vranken-Pommery and Bissinger products in eastern Europe.
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