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AdVini acquires a 50% share of share in Ken Forrester Vineyards

Published:  15 September, 2016

AdVini, a predominately French wine estate owner, has acquired a 50% share in South African producer Ken Forrester Vineyards.

AdVini, a predominately French wine estate owner, has acquired a 50% share in South African wine producer Ken Forrester Vineyards.

The financial sum of the acquisition has not been made public.

Ken Forrester is most widely known for his Chenin Blancs that he producers.  He will be staying on as the chief executive officer of the business and will remain in charge of both the national and international development of the brand. He will be further supported by the AdVini sales team. The brand is tasked with doubling sales in the coming years.

Ken Forrester also known as "Mr. Chenin" started his career in the hotel industry in the late 1970s.

The vineyards are located on the slopes of Helderberg Mountain in Stellenbosch. The Forrester family acquired the 17th century property in 1993 through a public auction and produced the first harvest under the label was in 1994.

Advini has been investing in South African vineyards recently. The company acquired Le Bonheur Wine Estate located in Stellenbosch as well as acquiring L'Avenir in 2010. The acquisitions are part of a much larger and strategic move for AdVini which is looking at becoming a lead producer in South Africa as part of its 'E-toile 2020' plan.

The company owns extensive estates in France including Ogier and its Clos de l'oratoire des Papes in Châteauneuf-du-Pape; Antoine Moueix Propriétés with Château Capet-Guillier in Saint-Emilion and Château Patache d'Aux in Médoc; Domaine Laroche in Chablis ; Vignobles Jeanjean and the Mas La Chevalière in Languedoc ; Domaine Cazes and Clos de Paulilles in Roussillon; Château Gassier in the Provence Sainte-Victoire area ; Rigal and Château de Chambert in Cahors.

AdVini also owns Vina Casblanca, a 150 hectares in Chile partnership with Santa Carolina.