Treasury Wine Estates signed the reciprocal deal with Accolade in 2012

Treasury Wine Estates signed the reciprocal deal with Accolade in 2012

Treasury Wine Estates (TWE) is to end its UK bottling agreement with Accolade Wines.

The company confirmed today that, as of 2019, its UK wines will no longer be bottled at Accolade's UK wine warehouse and distribution site, Accolade Park. The move follows Accolade earlier this year stopping a reciprocal deal made in 2012 under which Accolade's wines were bottled in Australia by TWE.

A TWE spokesperson said the company gave notice earlier this year that it was to end the UK agreement as it considered "options for our long-term bottling and packaging requirements".

"However, the changes do not come into effect until 2019, so until then it is business as usual," the spokesperson said.

The spokesperson said no plans had yet been made for an alternative bottling site.

In March, Accolade added a sixth bottling line to its UK wine warehouse and distribution site. At 80,000 sq m, Accolade Park is the largest facility of its kind in Europe. The UK-based winemaker, which is owned by CHAMP Private Equity, also announced this year its intention to hold an AUD1bn (US$768m) IPO.