Costas, Duxton snap up Littore winery and vineyards

The investment and development arm of the Costa family, the country’s biggest growers of fresh fruit and vegetables, has acquired the Littore Wine Group’s Jindalee Estate Winery in the Moorabool Valley near Geelong. The 23-hectare Ballan Road winery was acquired by Costa Asset Management (CAM) from receivers Ferriers Hodgson. The family-run Littore Wine Group, one of the country’s biggest independent wine producers, was forced into receivership by Rabobank in October last year.

Reblogged 1 year ago from www.winebiz.com.au

Casella Family Brands picks up Howcroft Vineyards on SA's Limecoast

NSW Riverina winemaker Casella Family Brands has snapped up the Howcroft Estate Vineyards near South Australia’s Limestone Coast in the first big vineyards deal of the year. Family-run Casella, one of the country’s biggest wine producers with brands including Yellow Tail, Peter Lehmann Wines and Brands Laira, is understood to have paid just over the $9 million asking price for the 540 hectare property near Mundulla, which has 412 hectares of planted vines.

Reblogged 1 year ago from www.winebiz.com.au