French wine trader Jeanjean has strengthened its position in vineyards situated to the south of Bordeaux and Lyon with the acquisitions of two traders based in the south-west region.
Jeanjean has paid a reported €3.8m for the purchase of family firm, Rigal, based at
Parnac. This will give the company an entrée into the AOC market from Bergerac to Fronton and
in particular around Cahors.
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Rigal posted sales of €17m in 2002.
Having bought Rhone Valley traders, Ogier and Leonce Amoroux, Jeajjean has not ruled out further acquisitions.
The group has also acquired 58% of the capital it did not control in “bag in box” specialist, Le Cep Francais, based near Montpellier. The company packaged 3.8m “bibs” in 2002, 80% bound for export, which generated sales of €21.3m.
Jeanjean posted a net income in 2002 of €2.27m (+17.2%) from a turnover of €136.2m (+9.7%). Exports accounted for a third of sales.
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