Buller Wines listed for sale; Barossa Valley Estate to follow

 

By James Atkinson

The administrators appointed to troubled Rutherglen winery Buller Wines listed the business for sale on Friday.

Simon Wallace-Smith and Salvatore Algeri of Deloitte Touche Tohmatsu are selling the business by an expressions of interest campaign closing February 15.

“The business and assets of Buller Wines include properties comprising residential living, winery complex, vineyards, storage facilities and cellar doors at Rutherglen (72.7 hectares) and Beverford (56.8 hectares) together with substantial inventory holdings,” says Friday’s advertisement.

“The vineyards, some of which are over 100 years old, are planted with a number of varietals including Shiraz, Cabernet, Muscat and Tokay.”

The news follows the recent appointment of McGrathNicol as joint and several receivers and managers to Barossa Valley Estate Limited (BVE).

BVE is expected to be taken to market soon for sale as a going concern.

BVE is a Barossa Valley-based winery, with origins dating back to the 1980s, comprising a winery with a 3000 to 4000 tonne annual crushing capacity, a 41-hectare vineyard planted to shiraz, cabernet sauvignon, merlot, grenache and chardonnay, with a cellar door, restaurant and function venue.

BVE sources grapes from third parties (under contract) and its own vineyards for production into its export and domestic brands, which include the iconic label EE Black Pepper Shiraz and super premium label Ebenzer.