CANADA. Vincor International, north America’s fourth largest producer of wines by volume has entered into an agreement to acquire the privately-owned Amberley Estate of Margaret River, Australia.
In a statement Vincor said it will pay A$24.8 million (US$19.7 million) for the shares, which have an enterprise value of A$36.2 million.
Vincor president and CEO Donald Triggs commented: “Amberley and Goundrey complement each other perfectly. By completing this acquisition, Vincor will enhance its production and portfolio of fine Western Australian wine brands and greatly increase its sales and distribution capability in the important Oceania region.”
Amberley was established in 1985 and has sales of over 100,000 cases per year, focussing on super-premium red and white wines, with a speciality in Chenin Blanc. The winery’s business will be integrated with that of Goundrey and managed by the president of Vincor’s Goundrey Wines Rich Hanen. The combination will create one of Western Australia’s largest wine producers.
The acquisition is subject to the approval of the Western Australia liquor licensing authority.
Vincor’s existing premium brands include Inniskillin’s ice wines, Jackson-Triggs, R H Phillips, Toasted Head, EXP, Hogue, Sumac Ridge, Caballero de Chile, Hawthorne Mountain and Sawmill Creek.
