Aussie winery firesale

24 Feb

20goundry01

Winemaking equipment at Goundrey

Western Australia’s Goundrey Wines is for sale. One lucky buyer can pick up the vineyards and winery (but not the Goundrey brand) from wine giant Constellation for a paltry $9M (AUD), drastically reduced from the $62.5M (AUD) paid by Canada’s Vincor for the brand and holdings back in 2002.  A lack of demand due to tough economic times is the main factor contributing to the price depreciation.  Stonehaven and Leasingham, two more Constellation-owned Aussie wineries, are also on the market.  Check out the Decanter article for more.

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Foster’s Group has announced it is selling 37 wine brands and three wineries.

Foster’s will retain the rights to the brands already produced at (two of) the wineries, including The Rothbury Estate and Jamiesons Run. But, crushing and processing will take place at Foster’s large, modernised facilities at the Rosemount Denman Estate winery and the Wynns winery.

from ap-foodtechnology.com

Shottesbrooke's McLaren Vale vineyards

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Also for sale is the small (10,000 case) and profitable McLaren Vale winery Shottesbrooke.  Shottesbrooke is on the market due to the impending retirement of founder Nick Holmes, as reported by Adelaide Now.

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2 Responses to “Aussie winery firesale”

  1. meredith February 24, 2009 at 16:03 #

    FYI Goundrey has been sold to a consortium led by West Howe Wines for an undisclosed sum
    Regards
    Meredith Booth
    Business Reporter
    AdelaideNow and The Advertiser

  2. Jaheim March 2, 2009 at 22:39 #

    Just dropping by.Btw, you website have great content!

    ______________________________
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