Global wine company Accolade Wines has confirmed the acquisition of Rolf Binder Wines in the Barossa Valley as part of its on-going growth strategy.
Rolf Binder was established in 1955 as Veritas Wines by Rolf Heinrich Binder and his wife, Franziska, and is now run by his son Rolf Binder Jnr and daughter Christa Deans.
The Binder family produces a range of highly acclaimed premium Barossa wines using fruit from their own vineyards. They specialise in red wines.
The Accolade Wines portfolio includes Houghton, Hardys, Grant Burge, St Hallett, Petaluma, Banrock Station, and Katnook, as well as House of Arras and Jam Shed.
This is the second acquisition under new CEO Robert Foye, following the purchase of Katnook Estate in Coonawarra late last year.
“We are delighted to bring a business with such legacy and deep experience in the Barossa Valley as Rolf Binder into the Accolade Wines family,” Foye said.
“We are excited about the role the Rolf Binder brand will play in our diverse portfolio and the role the Rolf Binder premium red and white grapes will have in supporting Accolade’s other Barossa brands, including Grant Burge and St Hallett.”
The Rolf Binder winery, including more than 100 hectares of vineyard, was offered for sale by the family last year.
“We are excited to announce that Accolade Wines is taking on Rolf Binder Wines," said Rolf Binder Jnr. "As one of the biggest wine companies in the world, we believe Accolade has the capacity to take Rolf Binder wines global.
"This announcement is also great news for the Barossa and this additional investment will continue to support the Barossa’s profile as a leading global wine region.”
No purchase price was revealed.
No comments:
Post a Comment