Small, listed Australian winery Tamar Ridge of Tasmania has been bought by one of the country's timber giants, Gunns, for A$14.8m (US$8.9m). Tamar Ridge has its vineyards and winery near Launceston in Tasmania and the acquisition will be followed by at least a doubling of vineyard and production, the company's founder Josef Chromey said.
Small, listed Australian winery Tamar Ridge of Tasmania has been bought by one of the country’s timber giants, Gunns, for A$14.8m (US$8.9m).
Tamar Ridge has its vineyards and winery near Launceston in Tasmania and the acquisition will be followed by at least a doubling of vineyard and production, the company’s founder Josef Chromey said.
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