Overstory, owners of Tamar Valley wine brand Small Wonder, has announced the acquisition of a 24-hectare vineyard in the Coal River Valley.
The strategic acquisition just east of Richmond and 20 minutes from Hobart marks a significant milestone in the company’s growth and expands its footprint into another of Tasmania’s most celebrated cool-climate wine regions.
Small Wonder, known for its premium organic wines and formerly known as Goaty Hill, recently opened a new state-of-the-art winery in January 2024.
The acquisition of the Marengo Road vineyard in the Coal River Valley will enable Overstory to double its production volume in Tasmania over the next three years, allowing for portfolio expansion and growth in both domestic and international markets.
Fruit from the vineyard has previously been used by premium producers including Bubb and Pooley.
"We are thrilled to broaden our presence in Tasmania and take this next step in enhancing the quality and variety of our wine offerings,” said Paul McArdle, CEO at Overstory.
"Consistent with our approach at our Tamar Valley location, we are committed to achieving organic certification for the Coal River Valley vineyard over the next three years, reinforcing our commitment to sustainable, high-quality winemaking practices."
The recently acquired vineyard, planted between 2017 and 2019, features a diverse mix ofbcool-climate varietals, with predominantly pinot noir and chardonnay along with small amounts of shiraz, riesling, pinot gris and viognier.
Overstory says the purchase cements “the company’s position as one of Tasmania’s leading producers of cool-climate wines”.
I co-incidentally tried two excellent Small Wonder pinots this week. The future looks bright.
No comments:
Post a Comment