The owners of France-based Château Montrose, Martin and Olivier Bouygues, have acquired US wine estate RvD Vineyards via family wine portfolio Eutopia Estates.
RvD Vineyards, a Virginia-based estate named after its founder Rutger der Vink, will be renamed “Lost Mountain Vineyards”.
Eutopia Estates is the new name for the Bouygues’ family wine portfolio, previously SCDM Domaines.
The group encompasses Château Montrose and Château Tronquoy in Bordeaux, Clos Rougeard in the Loire Valley, Domaine Rebourseau in Burgundy, Distillerie de la Métairie in Cognac and a truffle farm in the Loire Valley called La Truffière de Cément.
Eutopia Estates told Just Drinks no jobs would be affected at RvD Vineyards (Lost Mountain Vineyards) and they don’t want to “change anything”.
CEO Pierre Graffeuille will continue to head the estate alongside winemaker Joshua Grainer MW.
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By GlobalDataThe deal, financial details of which were not disclosed, marks the family’s first foray outside of French wine.
“This acquisition is a unique opportunity to continue developing the exacting work that has made the reputation of the estate,” Eutopia Estates said.
RvD Vineyard was planted in 2006 and consists of 93 acres of land, of which 18 acres are under vine.
Around half of the vineyards are Cabernet-Sauvignon, 22% is Merlot, 20% Cabernet Franc and 8% Petit Verdot.
Eutopia Estates will re-launch the brand with its new name alongside two new wines, keeping RvD’s original logo.
These will be a 2020 vintage called Lost Mountain, American Grand Cru, with an “average retail price” of $225. The company will produce 1,200 bottles of the SKU a year. The second is Rendezvous, another 2020 vintage with an annual production of around 1,00 bottles, that will be sold at the average price of $110.
Martin and Olivier Bouygues own one of France’s conglomerate giants, Bouygues Group, which operates in construction, media and telecommunication.