The 144-year-old McWilliam’s Wines business has been split in two in a deal believed to be worth more than $40 million.
Riverina and Barossa Valley winemaker Calabria Family Wines will buy the McWilliam’s brands, intellectual property and stock holdings as well as the Hanwood vineyard, winery and cellar door near Griffith.
And McWilliam’s famed Mount Pleasant winery, vineyards and brand in the NSW Hunter Valley has been acquired by Medich Family Office, a Sydney-based investment company.
Mount Pleasant has a cellar door, an 800-tonne-capacity winery and some of Hunter’s best vineyards.
The Calabria family’s purchase, announced by KPMG and selling agent Colliers International, is set for completion by April 30.
McWilliam’s went into voluntary…