SAN FRANCISCO--(EON: Enhanced Online News)--The Wine Group LLC (TWG), a management-owned wine company based in San Francisco, announced today that it has entered into a binding agreement to acquire a 100,000-ton Loxton winery from Australian Vintage Limited. Located in the Riverland Wine Region, the Loxton winery was first established as a co-operative in 1948 and has since been significantly upgraded and modernized. It is currently Australia’s fourth largest winery.
The addition of the Loxton facility to TWG’s Griffith, Australia winery will provide incremental capacity to support the growth of the company’s portfolio of fast growing Australian wine brands and expand the company’s high-quality Australian bulk wine offerings to its global network of bottlers. TWG Australian-sourced brands include Fish Eye, Foxhorn, and Little Roo. Fish Eye has won the Impact “Hot Brand” award every year since its 2004 launch. Foxhorn is America’s #1 popular-priced Australian brand.
David Kent, TWG’s chief executive, added “We are very excited to be adding the Loxton team and winery to our existing Griffith, Australia operations, and we intend to operate both wineries at full capacity. Ross Mayfield, Plant Manager at our Griffith winery, will serve as Director of Australia Operations on an interim basis and supervise TWG’s Australia-based wineries, reporting to Steve Roden, Vice President of Operations.”
The transaction is scheduled to close on August 18, 2011.
About The Wine Group, Inc.
The Wine Group is a San Francisco-based privately held company that produces such well-known brands as Franzia, Cupcake, Concannon, Big House, Almaden, Corbett Canyon, Foxhorn, Fish Eye and flipflop. Founded in 1981 by a management buyout of the wine assets of The Coca Cola Bottling Company of New York, The Wine Group is the world’s third largest wine producer by volume and the world’s most cost- and carbon-efficient vintner.