NEW ZEALAND: Dunleavy family regains control at Te Motu vineyard
The New Zealand vineyard is on Waiheke Island
A group including Te Motu’s former managing director has bought the New Zealand vineyard for an undisclosed sum.
Paul Dunleavy, whose family sold Te Motu to Richina Pacific two years ago, has returned to his old post with investor backing, it was announced today (10 April). “This is a hugely significant acquisition," said Dunleavy.
John Dunleavy returns as manager at the Waiheke Island vineyard, and will be assisted by Sam Harrop as a consultant, the group said.
According to Te Motu's website, the vineyard produces Cabernet Sauvignon, Merlot, Cabernet Franc, Syrah and Malbec wines.
Figures released in November claimed that New Zealand's winemakers continued to make strong profits despite a poor harvest last year.
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