FRANCE: AdVini's Cazes acquires Clos de Paulilles
Cazes has acquired the Clos de Paulilles estate in the Languedoc Roussillon region from the Dauré family, owners since 1975.
The company, a subsidiary of French wine group, AdVini (ex-Jeanjean), confirmed earlier this week that it has bought the 65-hectare site for an undisclosed sum. The estate's vineyards, which face the Mediterranean coast, produce high-end AOC Collioure and Banyuls wines, Cazes' director, Lionel Lavail, told just-drinks.
"The estate caters for a niche market in producing a total of 200,000 bottles annually," he added.
AdVini, which was formed via the merger of JeanJean and Laroche in 2010, reported a turnover of EUR159.4m (US$208.9m) for the first nine months of 2012 – a year-on-year rise of 4.7%.
Apart from Cazes, AdVini owns a further six wine companies - Jeanjean, Ogier, Rigal, Gassier and Antoine Moueix - representing almost 1,500 hectares of vineyards.
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