The Australian wine group, McGuigan Simeon Wines, has said it is to acquire the privately-owned wine company, Miranda Wines, for A$22.5m (US$14.6m).

“We are confident the acquisition will be earnings accretive in the 2005 financial year and at least earnings neutral this year,” said McGuigan Simeon’s chairman, David Clarke.

McGuigan Simeon said the addition of Miranda, whose brands include Miranda High Country, Mirrool Creek and Somerton, would broaden its domestic and export product range and provide packaging and distribution benefits. It would also give the company a presence in the Riverina region of New South Wales.

The deal also gives McGuigan Simeon a presence in the cask wine sector which represents around 45% of the Australian wine market in volume terms. Miranda Wines has an annual turnover of around A$60m.

McGuigan Simeon has also reported its year-end results, registering a net profit of A$32.2m for the year to the end of June, representing a 27% increase from a pro-forma figure of A$25.3m the year before. Sales revenues rose by 25% to A$293.1m.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Drinks Excellence Awards - Nominations Closed

Nominations are now closed for the Just Drinks Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
De Kuyper Royal Distillers’ De Kuyper Batched 0.0% range has won both Innovation and Product Launches honours in the 2025 Just Drinks Excellence Awards. Learn how these premium, non-alcoholic RTD cocktails help operators serve consistent, bar-quality drinks while tapping fast-growing demand for sophisticated alcohol-free options.

Discover the Impact