KJ secures first Australian estate

KJ secures first Australian estate News Wine News
  • Thursday 11 October 2001

US wine producer Kendall-Jackson has bought its first Australian vineyard.

The California giant's purchase of McLaren Vale's Eringa vineyard is its second Antipodean venture in the last couple of months. It's a significant step in the Australian market for Kendall-Jackson after it recently launched Yangarra Park, its new line of wines from South-Eastern Australia.

Eringa previously belonged to South Australian winemaker Normans Wines, which went bankrupt in July. Normans' receivers carried out the sale for an undisclosed sum, although the 96ha property was reportedly on the market for A$10 million (US$5m).

The company's Clarendon Winery and Vineyard, brands and stock have gone to Margaret River producer Xanadu Wines for A$3.7m (1.84m). Its Monash winery in South Australia's Riverland remains unsold.

Xanadu's proposed merger with Normans fell through three months ago after the company went into receivership. Normans ran up debts of A$60m (US$30m), including A$34m (US$17m) owed to the Australian bank ANZ, according to reports.

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