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Monday 28 June 2021

What now for 126-year-old Tulloch Wines?

Lindemans is a shadow of its previous self and the once mighty McWilliams Mount Pleasant operation was recently split up and sold. Now another famous Hunter Valley wine brand is on the market. 

Tulloch Wines - one of the oldest brands in the region - has been put up for sale after the board recently passed a motion for the sale of the brand and business.

The sale is driven by the upcoming retirement and exit of several individual shareholders, which means the Tulloch family cannot control the business alone. 

But CEO and fourth-generation family member Christina Tulloch says she is looking forward to the next part of the company’s story, whatever it may bring.

“While exit planning of this sort can be a complex process, I am confident and excited about the opportunity we now have to continue Tulloch Wines’ 126 year legacy in the Hunter Valley,” she said.

“Tulloch is a highly successful company, and I am confident we will be able to find investors who respect our history and tradition and see the value and potential of further growth. I and all the team here at Tulloch look forward to being a part of the next phase of this great Australian brand’s story.

“The Tulloch family is immensely proud of the business we have built and the incredible successes we have achieved.”

The sale will include the Tulloch Wines brand and its assets, with an award-winning cellar door, cafĂ© and events space; 20 acres of Pokolbin real estate and vineyard; grower agreements; national bottle shop ranging; a wine club; and a packaged liquor license. 

The sale does not include winemaking facilities, as Tulloch wines - which sell over 40,000 cases annually - are not made on-site.

“In the meantime, it will be very much business as usual and there will be no change to the dedicated, expert, and professional service our guests have come to know and love from the team here at cellar door. It is a privilege to have the opportunity to lead this wonderful team into the future,” Tulloch said.

Langley & Co has the business on sale with or sale by expressions of interest closing on Friday, July 30, 2021. Figures of $10 million have been mentioned in the media. 

Fingers crossed the family finds a benevolent investor. 

1 comment:

  1. Thanks for the write up Winsor, here's hoping we find the right buyer! Christina Tulloch