A PREMIUM Barossa winery is up for sale, in what is expected to be one of the largest vineyard and assets sales in the region in the past decade.
Rolf Binder, currently owned by siblings Rolf Binder and Christa Deans, includes more than 100 hectares of vineyards across multiple sites, as well as winery, cellar door and multiple brands.
Rolf said that after 65 years of commitment to the Barossa, the time was right to lay the foundations for the business’s next stage of growth.
“Our vineyard blocks are in the heart of the Barossa, including one directly adjacent to the key vineyards used to supply Penfolds Grange Hermitage,” he said.
“Our parents established the business in 1955 and passed the baton to Christa and me. We have worked hard to develop the business to what it is today.
“The time is now right to hand over the baton and watch the business fulfil its potential.”
The pair said they are looking for an outright sale or a partnership arrangement, and are open to staying on in the short to medium term as winemakers to assist with the business transition.
“Wine Australia data shows domestic wine sales increased 6.1 per cent in the past year, despite COVID-19,” Rolf said.
“Internationally we’ve seen three per cent sales growth while average prices have jumped 16 per cent.
“We feel the business is well-positioned to capitalise on existing trends and emerging opportunities, with a secure and major fruit source in one of the world’s most renowned wine regions combined with good water allocations, an established distribution network, growing direct-to-consumer sales and an established, motivated and highly qualified team.”
In addition to the Rolf Binder brand, the sale also includes JJ Hahn and Magpie Estate – home of The Malcolm Shiraz.
The sales process is being managed by Mark Balnaves and Marc Allgrove from Evans + Ayers, with the property and assets likely to be sold in an Expression of Interest process with a closing date by the end of October.