Australia’s largest private luxury vineyard holder, the Randall Wine Group, continues to strengthen its premium vineyard holdings by finalising the acquisition of Accolade Wines, McLaren Vale vineyard assets, including approximately 400 meg of Willunga Basin Water Company water license.
The Randall Wine Group was established in 1978, and its vineyards include the prestigious Seppeltsfield Estate. The group has total holdings of 3,318 hectares across eight premium wine-growing districts, including the Barossa Valley, McLaren Vale, Clare Valley, Langhorne Creek, Currency Creek, Coonawarra, and Eden Valley. It made its first acquisition in the Riverland last year. This year it acquired Penny’s Hill Estate in McLaren Vale and the Black Chook brand in March.
Its latest acquisition is three vineyards of 155 acres, including the ultra-premium Yeenunga vineyard above the township of McLaren Vale in the Seaview sub-region. Yeenunga is a single vineyard site with plantings of Shiraz and Grenache. Its fruit is intended for the company’s newly acquired Penny’s Hill brand, including its The Piano, Footprint, Skeleton Key and Cracking Black Shiraz labels.
Randall Wine Group, Executive Chairman and Proprietor Warren Randall said Randall Wine Group is always on the lookout for high-quality, well-managed assets with good water infrastructure in South Australia’s premium wine regions.
“Accolade’s McLaren Vale assets presented an excellent opportunity to further strengthen our position as the largest vineyard holder in the McLaren Vale wine district. We are very pleased with the acquisition and the quality of the vineyards,” Randall said.
“They are vineyards very capable of producing Icon and A grade wines worth up to $100 per bottle and do not come up for sale very often. They are rare! This acquisition further enhances our flight to quality and premiumisation”.