(CercleFinance.com) – TFF Group announces that it has entered into a partnership agreement with Tonnellerie REMOND providing for TFF Group to take a 55% stake in Tonnellerie REMOND.
Founded in 1954, in the heart of the Burgundy vineyards, Tonnellerie REMOND has become over the years a reference in the manufacture of high-end French oak barrels dedicated to the aging of quality wines.
The company achieves a turnover of the order of 10 ME, of which 75% abroad, associated with an operating profitability comparable to the
high standards of TFF Group.
‘The cooperage also displays a solid financial structure, without debt and with secure stocks on a single manufacturing site’, underlines TFF Group, whose contribution should also make it possible to accelerate the development of the cooperage, particularly internationally.