Evans & Tate Limited has completed the sale of its Griffith winery in the New South Wales Riverina to TWG Australia Pty Limited, the Australian subsidiary of California-based The Wine Group LLC, for approximately $8 million.
“This is a very pleasing transaction to have completed in a difficult marketplace,” Evans & Tate’s chief executive Martin Johnson said.
“We are demonstrating that we can execute Evans & Tate’s turnaround strategy, and bring the Company to a stable trading position with a renewed emphasis on premium wines and luxury brands,” he concluded.
By Kathryn O’Meara
