De Bortoli Wines acquires the Rutherglen Estates vineyards
De Bortoli Wines has acquired the Rutherglen Estates vineyards, winery and tourism facility in Victoria.
The purchase takes De Bortoli’s total Victorian vineyard holdings to 820 hectares, with 700 ha bearing fruit and 120 ha being in development.
The acquisition is part of its growth strategy.
The 185 hectare Rutherglen purchase was from its Hong Kong owner, Eternity International Enterprise Holdings.
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 provides De Bortoli Wines with a third winemaking facility in addition to the business’ Riverina and Yarra Valley sites.
The De Bortoli family anticipates that premium quality Victorian red wine with density, freshness and interest will increasingly be in high demand domestically and internationally.
The family said it estimates that its Victorian vineyards will produce over seven million bottles of wine by 2025 as it looks to make the most of the "premiumisation trend" which is key part of the Australian market.
