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Friday 21 December 2018

De Bortoli snaps up a new winery asset

Family-owned and -operated De Bortoli Wines has snapped up a key regional asset in buying Rutherglen Estates in North-East Victoria.

De Bortoli Wines was established in the Riverina in NSW in 1928 and is currently managed by the third generation of the family. The winery’s production headquarters and packing facilities are located in the Riverina, where one of Australia’s most iconic and famous wines ‘Noble One’ is the premier brand.

De Bortoli also has facilities in the Yarra Valley, with a focus on cool-climate wines, and in the Hunter Valley.

The Rutherglen vineyard purchase complements the family’s existing premium Victorian vineyard holdings in the Yarra Valley, King Valley and Heathcote wine regions.

Rutherglen Estates (below), previously owned by Chinese investors, also provides De Bortoli Wines with a third wine-making facility in addition to the business’ Riverina and Yarra Valley sites.

Based on growing customer interest and strong sales forecasts, the De Bortoli family is confident that premium quality Victorian red wine with density, freshness and interest "will increasingly be in high demand both domestically and internationally".

Heathcote and the North-Eastern regions of Victoria are ideally suited to this type of wine, so the family has continued expanding the business into these areas with both the purchase of established vines as well as the planting of new vineyards.

The Rutherglen purchase brings the De Bortoli family’s Victorian vineyard holdings to 820 hectares, 700Ha bearing fruit and 120Ha in development. The family will continue to look for other opportunities.

The family estimates the De Bortoli family’s Victorian vineyards will produce in excess of seven million bottles of premium Victorian wine by 2025.

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