González Byass has acquired Ribera del Duero winery Fournier for an undisclosed sum.
The latest addition to González Byass’ portfolio means it is now present in 10 of the country’s key DOs and wine regions, including Jerez, Rioja, Cádiz, Cava, Penedés, Rueda, Somontano, Castilla, and Rías Baixas, complemented at an international level with wineries in Chile and Mexico.
The company said the move to buy the winery, including its vineyards and wines, forms part of its strategy to ”represent the diversity of Spain’s viniculture”.
"The acquisition of Fournier is part of our long-term strategic plan to become a reference point for quality winemaking in Spain. We have long harboured a desire to have a winery in Ribera del Duero and the fit between the two companies was perfect.
“We wanted to add a premium winery to our 'Family of Wine' in the region with its own vineyards and the potential to build the brand thanks to our extensive global network."
Located in Berlanga de Roa (Burgos) and build in 1979, the Fournier winery has grown apace with the development of the region as a whole.
La Finca El Pinar is found between the towns of La Horra and Roa de Duero and is made up of 80ha, 50 of which are vineyards with an average age between 30 and 70 years.
Representing 16% of the total red wine market, Ribera del Duero is Spain’s second most important DO.
González Byass’ development in recent years has brought about a number of diverse projects which will culminate in the opening of a new winery at Bodegas Beronia in 2019, designed to house premium and reserve wines only.
In addition to this, two other important projects will come to fruition this year; the inauguration of the first luxury, Sherry hotel in the world, housed in the González Byass winery in Jerez, and a new Pedro Ximénez wine-making plant, which is already in operation.