Badet Clement buys more property in the Languedoc
Badet Clement has expanded its presence in the Languedoc
Burgungy-based negociant Badet Clement has purchased Domaine du Tresor in France's Languedoc region.
Today's announcement follows Badet Clément's purchase of Domaine de la Métairie d'Alon also in the Languedoc, last September.
Domaine du Tresor comprises 94 ha in IGP Pays d'Oc. The purchase includes 60 ha - the remaining 34 ha remains privately-owned.
"Over the last few years, we've studied many opportunities to buy vineyards with the aim of reinforcing our production needs and this one meets all of our necessary requirements," said Laurent Delaunay, owner of Badet Clément.
Badet Clement's turnover in 2015 was EUR42.7m (US$46.2m). Export sales represent 64% of its business.
Financial details of the latest transaction were not disclosed.
Last year, the company also bought the former Monze cave cooperative in the Aude department to instal a vinification and ageing facility.
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