The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

Treasury Wine Estates has completed its majority acquisition of Château Lanessan, one of the oldest wine estates in Bordeaux, France. The acquisition will strengthen the company's multi-regional Penfolds wine portfolio, doubling the existing production capacity for the Penfolds brand in France. The purchase includes 390 hectares of land and 80 hectares of Haut-Médoc vineyards planted with Bordeaux varieties of cabernet sauvignon, merlot and petit verdot. Château Lanessan was founded by Bordeaux wine merchant Jean Delbos in 1793, with nine generations of the Bouteiller family serving as its custodians. Tom King, managing director of Penfolds, commented: “We look forward to collaborating with the Bouteiller family and winemakers to enhance the Château’s production capability and reputation for quality wine, while also deepening our relationships with the local Bordeaux community”. He continued: “The region’s winemaking traditions complement the quality and innovation that Penfolds is known for, and we have ambitious plans to invest in the historic property and welcome wine lovers to experience the region’s unique winemaking traditions”. Kerrin Petty, chief supply officer for Treasury Wine Estates, said: “The majority acquisition of Château Lanessan is an exciting addition to the Treasury Wine Estates portfolio in Europe. Increasing our production capacity with such a historic site will support our future growth plans as we respond to consumer demand for wines across our portfolio of brands, including Penfolds.” In addition to Penfolds wine, the winery will continue to produce wine under its Château Lanessan, Les Caleches de Lanessan and Château de Sainte Gemme labels, which will be distributed through existing channels.