The company announced the purchase yesterday of the cognac producer, which is located near Segonzac, near the medieval town of Cognac.
The purchase includes the cognac distillery, vineyards, existing buildings including a chateau-style mansion dating from 1870, an 18th-century restored farmhouse, visitor center and existing stock. The property is about 220 acres and includes its own grape-pressing operation and distillery with four pot stills, two of which are antique.
“Given the roots of our company, we are very excited to add a cognac house to our family, especially one as historic and prestigious as this one,” says Mark Brown, Sazerac Company president and chief executive offer, in a press release. “We intend to continue the proud heritage and preserve its authenticity and character.”
Sazerac purchased Breuil de Segonzac from Patrick and Maria Brillet, who have decided to retire. No operational changes are anticipated. The existing team will remain in place, the contracts in place for vineyard services are being honored, and the visitor center will remain open.
Financial terms of the deal were not disclosed.