TWE Completes Château Lanessan Acquisition

Treasury Wine Estates Ltd. (TWE) completed its majority acquisition of Château Lanessan, one of the oldest estates in Bordeaux, France. The acquisition bolsters its Penfolds multiregional luxury wine portfolio, doubling the existing production capacity in France. The purchase includes 390 hectares of land with 80 hectares of Haut-Médoc-appellated vineyards planted with typical Bordeaux varieties of Cabernet Sauvignon, Merlot and Petit Verdot, the historic Château Lanessan designed by renowned Bordeaux architect Henri Duphot and built in 1878, Château Lachesnaye designed by architect Louis-Michel Garros in 1883, as well as the winery and ancillary buildings. The property was founded by Bordeaux wine merchant Jean Delbos in 1793, with nine generations of the Bouteiller family serving as its custodians.

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