Seppeltsfield’s ‘statement acquisition’
Seppeltsfield Wines has made what it calls a ‘statement acquisition’ buying another 800 acres of Tanunda Hill vineyards in the Barossa Valley.
The purchase means Seppeltsfield now owns 4000 acres and Executive Chairman Warren Randall said the acquisition represents a “very powerful statement of intent from our business”.
“It is two clear statements of intent; our belief in the importance of the Barossa as Australia’s premier winemaking region, and our strong desire and commitment to supply the burgeoning demand for luxury Australian red wine in China,” Randall said.
“The acquisition of another 800 acres now brings our total vineyard holdings in the Barossa to 4,000 acres, the largest ever vineyard holdings by a single producer in the Barossa Valley since vineyards were first planted by European settlers in 1843 (176 years ago).
“This brings Seppeltsfield holdings to 20 per cent of the Barossa’s total red vineyards, putting us in a strong position to consistently supply in excess of 12 million bottles of Barossa luxury red wine to the world.”
Seppeltsfield has also recently recommissioned its 1888 Gravity Cellar, which enable gentle colour and tannin extraction and Randall said all the fruit from the new acquisition would be made into luxury wine in the Gravity Flow Cellar.