Scoop has an Ethical Paywall
Delegats expands in Hawke’s Bay
Delegats expands in Hawke’s Bay
Jan. 25 (BusinessDesk) – Consolidation in the wine-making industry is continuing with Delegat's Group paying $8.5 million for the vineyard and winery assets of Matariki Wines and Stony Bay Wines, which are in receivership.
The deal allows the listed owner of the Oyster Bay wine brand to increase its vineyard holdings in Hawke’s Bay by 61 hectares to 500 hectares.
“The acquisition of this property now means Delegat’s owns 20 percent of the prime ‘Gimblett Gravels’ appellation,” managing director Jim Delegat said.
The vineyard purchased is planted with Merlot, Cabernet Sauvignon and Syrah and the winery has a processing capacity of 600 tonnes.
During the last six months, Delegat's has also bought two properties in Marlborough; a 121-hectare vineyard in the Wairua Valley and 91 hectares of bare land in the Awatere Valley.
(BusinessDesk)
John Mazenier: Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
Earthquake Commission: Ivan Skinner Award Winner Inspired By Real-life Earthquake Experience
Reserve Bank: Consultation Opens On A Digital Currency For New Zealand
NIWA: Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New Research
New Zealand Customs Service: A Step Forward For Simpler Trade Between New Zealand And Singapore
Horizon Research: 68% Say Make Banks Offer Fraud Protection
