Indevin New Zealand has completed the deal to purchase 100% of the shares of Villa Maria Estate Limited.
In a press release, Indevin says the transaction was settled on the 30th of September, having entered into a conditional agreement in early August with Calibre Partners, the receivers of FFWL Ltd.
Already an established wine business in New Zealand, Indevin says the addition of the Villa Maria portfolio of brands to its stable is a logical next step.
“The coming together of two successful New Zealand wine export businesses supports our vision to become the leading New Zealand global wine business, spearheaded by the Villa Maria brand,” says Greg Tomlinson, Chairman of Indevin.
“This collaboration will be significant for the New Zealand wine industry.”
The sale includes Villa Maria’s Marlborough, Hawke’s Bay and Auckland wineries, vineyards, supplier agreements, the flagship brand Villa Maria as well as Esk Valley, Vidal, Leftfield and Thornbury.
“The businesses have aligned visions and are both committed to showcasing world class New Zealand wines to consumers all over the world,” says Tomlinson.
“We are excited to be a part of Villa Maria’s next chapter of growth – it is an exciting phase in the evolution of both companies.”
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