French winery AdVini has acquired a majority stake in South African wine business Stellenbosch Vineyards.

Financial details of the deal have not been disclosed by either company.

Stellenbosch Vineyards distributes its wine products to more than 30 countries across the globe. Its brands include Welmoed, Arniston Bay and Versus.

By acquiring a significant stake in Stellenbosch Vineyards, AdVini intends to further expand its presence in the South African wine market.

Through its subsidiary AdVini South Africa, the French company currently owns South African brands L’Avenir and Le Bonheur, as well as being the majority shareholder in Ken Forrester Vineyards.

“With the addition of Stellenbosch Vineyards our South African wine offering in the premium segment is vastly becoming an enticing selection.”

AdVini CEO Antoine Leccia said: “With the addition of Stellenbosch Vineyards our South African wine offering in the premium segment is vastly becoming an enticing selection, together with international brands that meet the demand of our retail customers and consumers, in a model that is particularly respectful of the social and environmental values.”

Stellenbosch Vineyards has an established winemaking facility, bottling activities and logistical centre at its Welmoed wine farm.

Earlier this year, the two companies entered into an international distribution agreement covering the Americas, Asia, Travel-Retail and the rest of the world markets.

Stellenbosch Vineyards managing director Eduan Steynberg said: “AdVini is present in more than a hundred countries due to its sales network and close relationships with its customers. We, at Stellenbosch Vineyards, are all proud to be joining the AdVini family.”