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FRANCE: Laroche acquires business in South Africa

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Laroche SA has made an acquisition in South Africa, according to French press reports. The French wine producer has acquired L'Avenir Wine Estate, which operates 70 ha of vines.

Laroche was partnered by AXA Private Equity in the deal, via its investment fund Bourbon AXA Private Equity, the reports said.

Michel Laroche, president of the board of Laroche, said Avenir Wine Estate is expected to represent between 10% and 15% of total Laroche production in five years.

Of Avenir's 70 ha, 55 ha are in Stellenbosch.


Sectors: Wine

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