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

 

Long Term Investors buy Majority Shareholding in Dry Hills

Confidence in Lawson’s Dry Hills Prompts Long Term Investors to Purchase Majority Shareholding

The future of one of Marlborough’s leading wine producers is looking particularly rosy. Strong confidence in the quality and potential of Lawson’s Dry Hills, a pioneer of the Marlborough wine industry, has enticed two of the company’s long-term partners to invest further in the company.

After a 15 year involvement, investors Tim and Pauline Evill have purchased additional shares previously owned by the Lawson family, so as to take a majority interest. Key members of the management team have also shown their backing for the company: Sion Barnsley, General Manager for five years and Business Manager prior to that has increased his shareholding, while Chief Winemaker of eleven years, Marcus Wright and newly appointed Sales and Marketing Manager, Derek Lilley have also invested to become new shareholders.

As silent partners working overseas for the past few years Tim and Pauline Evill have watched Ross and Barbara Lawson work hard to turn Lawson’s Dry Hills into the world-renowned wine producer it is today. Says Tim Evill, “Now we are back in NZ we wish to be much more involved so the opportunity to take over and build on Ross and Barbara’s great work, alongside Sion and the excellent team we have in place, was too good to pass up.”

General Manager Sion Barnsley added, “This is a significant and exciting undertaking by the small team at Lawson’s Dry Hills and it clearly demonstrates our belief in the brand.”

Founder and Brand Ambassador, Barbara Lawson is pleased at the recent developments, saying, “I’m delighted that the company is in the good hands of those who have a great deal of personal as well as professional involvement.” She continues, “They have the ability and passion to carry forward the dream that Ross and I initiated 24 years ago.”

Lawson’s Dry Hills has been part of a number of initiatives, most notably leading the change to screw cap seals. Today the company is recognised as one of the most respected and awarded wineries in New Zealand with a world-wide reputation for top quality wines.

Chief Winemaker, Marcus Wright confidently states, “We take a hands on approach to creating wines of the highest quality. From the vineyard to the glass, our goal is to deliver wines for the ultimate enjoyment of wine lovers around the world.”

From highly acclaimed aromatic varietals to Chardonnay and Pinot Noir, Lawson’s Dry Hills wines are sold in 21 countries.


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>

ALSO:

Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>

ALSO:

MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>

ALSO:


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>

ALSO:

Mediaworks: Reaches Agreement To Sell TV Operations To Discovery, Inc.

New Zealand’s largest independent commercial broadcaster MediaWorks and the global leader of real-life entertainment Discovery Inc. (“Discovery”) are pleased to announce they have reached a binding agreement regarding the sale of MediaWorks’ ... More>>

ALSO:

Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>

ALSO:

NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>

ALSO:

Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>

ALSO:

SAFE: Live Export Ship Carrying 5,800 New Zealand Cows Goes Missing In East China Sea

Livestock carrier Gulf Livestock 1 sent a distress signal at 4:45am NZT yesterday in the East China Sea. The area is affected by Typhoon Maysak. At 4pm a patrol plane spotted a lifeboat - with no people in it - and a man in lifejacket nearby. The ship ... More>>

ALSO:

FMA: Kiwisaver Fees Don't Match Performance

The Financial Markets Authority (FMA) today published an independent report into the passive and active investment management styles [i] used by KiwiSaver providers. The FMA commissioned MyFiduciary to test the extent that KiwiSaver providers were ... More>>