Germany: Les Grands Chais de France to acquire Binderer

Les Grands Chais de France, France’s leading private winemaker, is to acquire German wine group Binderer, according to a report in WeinWirtschaft.

The deal is said to include Binderer St. Ursula Weinkellerei and the Hungarian group Danubiana, as well as subsidiaries St Rochusberg Weinhandels, Torre Giacomol and Binderer Wine Select.

Binderer markets wines from Germany, France, Spain, Italy, Hungary and the New World and exports to 20 international markets, chiefly Great Britain, Ireland, Scandinavia, Russia and North America. The firm has an annual production volume of over 60 million bottles and is estimated to generate around €85 million ($100 million) in revenue.

Les Grands Chais de France is one of the world’s largest wine producers with annual revenue of almost €1 billion ($1.2 billion). The firm, whose brand range includes JP Chenet, Grand Sud, Calvin and Jezin, already has a foothold in the German wine business through its ownership of the Mainz-based Weinkellerei Hechtsheim.

Source: WeinWirtschaft / Binderer