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Thursday 11 July 2024

Seppeltsfield swoops to buy established Barossa vineyard

Seppeltsfield owner Warren Randall has swooped to buy an established Barossa vineyard from struggling Australian Vintage Ltd. 

Seppeltsfield announced today that it had acquired a 230-acre vineyard in Lyndoch was previously part of the original Chateau Yaldara property, developed by Hermann Thumm in 1946.

The move comes as Randall eyes increased sales to the Chinese market. 

Seppeltsfield was established in 1851 and is one of the most iconic wineries in Australia.

The historic property is owned by The Randall Wine Group, established in 1978, and led by executive chairman Warren Randall.

The Randall Wine Group is Australia’s largest private premium vineyard holder with 9230 acres along with an expanding portfolio of luxury wine brands, including Penny’s Hill and Gemtree Organic Wines in McLaren Vale.

The vineyard is planted to mature shiraz, cabernet sauvignon, mataro and grenache and the entire crop with be crushed at Seppeltsfield from 2025.

Since Chinese tariffs were removed from bottled Australian wines on March 28, exports have skyrocketed. 

Seppeltsfield’s strategic purchase of the AVL Lyndoch vineyard is to specifically feed the newly created demand for luxury Australian wine to China, the company said in a statement.

“The AVL Lyndoch vineyard acquisition is a strong addition to our already dominant position in the Barossa Valley landscape,” Randall said.

“China’s demand for luxury Australian wines prior to the tariffs was very strong and the Lyndoch Barossa Valley vineyard acquisition offered Seppeltsfield an opportunity to fortify our supply volumes of luxury wines for a thirsty market.

“Our vineyard holdings in the Barossa Valley now exceed 4,000 acres, growing 10,000 tonnes, producing nearly 10 million bottles of luxury Barossa Valley wine every year.”

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