NEW ZEALAND: Villa Maria buys Te Awa in Hawkes Bay
Villa Maria has secured the purchase of Te Awa, its third winery in the Hawkes Bay region of New Zealand.
The country largest family-owned winery confirmed earlier this week that it has bought the Te Awa brand, winer and vineyards from Californian Julian Robertson. Financial details behind the transaction were not disclosed.
The Te Awa brand joins Vidals and Esk Valley in Hawkes Bay for Villa Maria, along with nationwide brands Villa Maria and Thornbury.
The vineyards are adjacent to one of the Villa Maria blocks in Gimblett Gravels, although part of the vineyard falls outside that particular appellation. Fabian Yukich, part of the family that owns Villa Maria, said that the strengthening of the vineyard collective can help all brands, including the Te Awa label, which, he believes, will be retained.
"There is lots of water to pass under the bridge," he said. "But we anticipate at this stage keeping the Te Awa winery going as a boutique operation."
Villa Maria export manager Ian Clark added: "This is another strength we can build on around the world. Te Awa’s vineyard is largely a part of Gimblett Gravels, where Villa Maria is the largest vineyard owner, and give us a winery pretty much on site while Vidals and Esk Valley wineries are several kilometres away."
- AB InBev, SABMiller - Here's what'll happen next
- Is time right for TWE to move for Diageo's wines?
- Is Brown-Forman at the end of the SoCo road?
- Will a sexed-up SABMiller tempt AB InBev?
- Is Brown-Forman doing a Jack Daniel's in Ireland?
- AB InBev makes formal offer for SABMiller
- Diageo secures Xerox Corp CFO as finance head
- Tesco pulls several Carlsberg SKUs in UK
- Diageo makes US$780.5m beer deal with Heineken
- SABMiller formally rejects AB InBev's offer
- The IWSR Duty Free/Travel Retail Summary Report 2015
- Future growth opportunities for global spirits
- Global gin insights - market data, product innovation and consumer trends research
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research