Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Babich Wines Look to Expand in Marlborough


Babich Wines Look to Expand in Marlborough

The 96 year old New Zealand wine company, Babich Wines Limited, announced today the sale of their 50% share of the Marlborough winemaking facility, Rapaura Vintners Limited to Treasury Wine Estates.

Rapaura Vintners Limited, an integrated winery, packaging and warehouse facility has been invaluable for Babich over the last 12 years as they have continued to grow production and sales of their Marlborough wines.

Babich Wines will now look to build their own state of the art facility in Marlborough – a move that will give the family owned wine company full control over their future winemaking in the region, where over 80% of the company’s production comes from.

“Rapaura Vintners has been outstanding in its capability to deliver high quality production outcomes, however we decided recently that it would be timely to construct our own winery in Marlborough which would allow us to advance our focus on wine quality to an even higher level.” said David Babich, General Manager.

The company head office remains on the outskirts of Auckland City on the vineyard property the family have owned for over 100 years.

The Babich brand which was named in the "TOP 50 WORLD'S MOST ADMIRED WINE BRANDS" by Drinks International earlier in the year, is sold worldwide in more than 35 countries.

ENDS



© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Emission Statement: No New Coal Boilers For Fonterra

Fonterra is shaving eleven years off its coal target, as it announces a new commitment to reduce its reliance on coal. More>>

ALSO:

Long Time Coming: Soil Turned On Waimea Dam

After almost 20 years of planning and a 'gruelling' process to keep the project on track, the Waimea Community Dam, one of the Tasman District's largest-ever projects, is now under way. More>>

Where's My Drone Pizza: Govt's Drone Plan 'Will Help Economy Take Off'

The paper Taking Flight: an aviation system for the automated age sets out the Government’s vision for how drones can be better integrated into the current transport system to develop a thriving, innovative and safe sector. More>>

ALSO:

Up 17.% In June Year: Fuel And Rent Drive Inflation

The consumers price index (CPI) rose 0.6 percent in the June 2019 quarter, due to higher prices for petrol and rent, Stats NZ said today. More>>

ALSO: