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M&A activity draws to a close for Accolade Wines - CEO

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The head of Accolade Wines has told just-drinks that the company has "probably" completed its M&A activity, having secured presence in what it believes are all of the New World wine regions.

Paul Schaafsma became CEO of Accolade Wines last year

Paul Schaafsma became CEO of Accolade Wines last year

Accolade, which came into being when Australian private equity group CHAMP acquired Constellation Brands' Australian, South African and UK wine operations in 2011, has made three wine brand purchases in the last two years. New Zealand's Mud House was acquired in April, 2014, followed by Australia's Grant Burge last February and Anakena in Chile in September. Upon completion of the Anakena transaction, the group said it subsequently owns wine holdings in all of the major New World wine regions of Australia, New Zealand, South Africa, North America and South America.

In an exclusive interview with just-drinks today, CEO Paul Schaafsma said the group is now satisfied with its New World footprint. "We're about 90% to 95% there in terms of what we need," Schaafsma told just-drinks. "We were committed to having full New World coverage, so we're not actively searching any new regions."

Schaafsma, who took over as Accolade CEO last year, admitted, however, that the company "could do with an Argentinean Malbec bolt-on", but flagged that this could be arranged through Anakena in Chile. "We don't need to buy a winery to do that," he said.

To read part one of just-drinks' interview with Paul Schaafsma, click here.


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