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Rémy Cointreau drinks up deal with J de Telmont
Posted on Friday, 16 October 2020 09:49
The Rémy Cointreau Group has acquired a majority stake in France-based champagne house Champagne J de Telmont.
Financial details were not disclosed.
The acquisition includes J de Telmont’s brands, inventory, production facilities and property assets, as well as vineyards in the Champagne region.
Following the deal, the target will be managed and chaired by Ludovic du Plessis.
Bertrand Lhopital will also be involved in the company’s vineyard, sourcing and production operations.
Formed in 1912, J de Telmont develops a range of champagnes and claims to be one of the last independent family-run estates in the Champagne region.
Its brands include the Grande Reserve Brut, Grand Vintage Brut and Champagne Heritage.
The company also provides workshops and events, such as wine and cheese tastings.
Eric Vallat, chief executive of Rémy Cointreau, said: “This acquisition adds to the Group’s portfolio a craft champagne brand that offers tremendous growth potential and shares the same values of terroir, people and time as its other houses.”
Plessis noted: “Our ambition is to develop the J de Telmont brand, particularly outside France, while protecting its master craftsmanship in champagne and stepping up the focus on organic/biodynamic agriculture at a time when only 3.0 per cent of champagne vineyards are certified for organic production.”
The transaction will also add more brands to Rémy Cointreau’s portfolio, which already includes the likes of Louis XIII, Mount Gay and the Botanist.
Headquartered in Paris, the buyer is no stranger to the acquisition trail; in April this year, it bought France-based cognac distillery Maison JR Brillet for an undisclosed sum.
Zephyr, the M&A database published by Bureau van Dijk, shows there have been there have been 78 deals targeting operators of wineries signed off globally since the start of 2020.
Arta Capital SGEIC announced plans to sell Spain-based Alvinesa Natural Ingredients for up to EUR 400.00 million in the most valuable of these.
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