BUCHAREST (Romania), May 24 (SeeNews) – Purcari Wineries listed in Bucharest [BSE:WINE] announced Monday that it has entered into a partnership with the Moldovan company Les Terres Noires, which will supply it with grapes for organic, biodynamic and natural winemaking.
Les Terres Noires has 25 ha of organically cultivated vineyards in the Stefan Voda Protected Geographical Indication region in Moldova, Purcari said in a statement filed with the Bucharest Stock Exchange, BVB.
“The idea of an organic Purcari wine has been developing for a long time. The demand from consumers and retailers for such wines is significant and growing, ”said Victor Bostan, Managing Director of Purcari.
Purcari also announced that Terres Noires owner Gheorghe Arpentin has joined the company as director in charge of research and development and innovation.
“The partnership with Purcari is a big step towards capitalizing on the potential of the organic sector. We want to create unique wines, to experiment, but also to contribute to the sustainable development of viticulture, ”said Arpentin.
Founded in 1827, Purcari Wineries Plc is one of the largest wine and brandy groups in the EEC region. The group manages more than 1,300 hectares of vineyards and operates four production platforms in Romania and neighboring Moldova. Purcari is the premium wine segment leader in Romania, with a 30% share, and Moldova’s largest wine exporter, delivering to over 30 countries.
As of February 2018, the group is listed on the Bucharest Stock Exchange and is now part of the leading BET index. Shares of Purcari Wineries traded up 0.72% at 28 lei ($ 6.95 / 5.38 euros) at 1,131 CET on Monday.
Purcari Wineries’ net profit increased 49% last year to 60.44 million lei, supported by the proceeds from the sale of the group’s stake in Glass Container Company to Vetropack Austria Holding in December.
Earlier this month, the company acquired 10% of Czech online retailer 8Wines.com.
(1 euro = 4.9268 lei)