Sydney, Australia, 14 November 2016 – Accolade Wines and Lion, today have reached an
agreement for Accolade Wines to acquire Lion Australia’s premium wine business, Fine Wine
Partners (FWP). This acquisition is a further step in Accolade Wines strategy as the leading
provider of New World wine.
Fine Wine Partners is focussed on iconic, regionally distinct varietals in premium growing
regions and brings together an enviable portfolio of pre-eminent wineries and brands.
Accolade Wines Deputy CEO, Michael East said: “Over the last 5 years, we have experienced
significant growth and expanded our global footprint through the acquisition of Geyser Peak in
the United States, Grant Burge Wines in Australia, Mud House in New Zealand and Vina
Anakena in Chile.
“The acquisition of the FWP business and brands will strategically enhance Accolade Wines
product leadership, complementing our current brand portfolio, while integrating seamlessly into
our business model. An expanded premium offering responds to a shift in consumer
preferences for quality wine, while allowing us to better meet the needs of our customers.”
The sale includes FWP’s six Australian fully-owned brands Petaluma, Croser, St Hallett,
Knappstein, Stonier and Tatachilla, its four Australian wineries, including all plant and
equipment, land and vineyards, inventory and the on-and-off-premise distribution network. The
sale price and the specific terms and conditions are confidential.
“These brands, from Australia’s most renowned wine regions, represent a very exciting
acquisition for Accolade Wines as we further enhance our premium wine credentials and
portfolio.” said East.
A six month transition has been agreed to ensure an orderly change of ownership for all