Tonnellerie Francois Frères: High moat company at discount

Tonnellerie Francois Frères or TFF group (EPA:TFF) is the #1 manufacturer of wine and alcool barrels (and oak staves), it has a wide moat and trading at a discount to historical valuation

Tonnellerie Francois Frères or TFF group is the #1 manufacturer of wine and alcool barrels (and oak staves). This company is vertically integrated having access to oak forest, sawmills to make the oak staves and barrels fabs close to customers. It is more than a century old with roots in the Burgundy region in France and with ancestral know-how of how to process and age the oak wood to make perfect barrels for wine. The current CEO Jerome Francois is the 4th generation President to head the TFF group of the Francois family. The Family owns 71% of the shares.

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