Brown Bros buys Tamar Ridge Estates
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Leading Victorian winery, Brown Brothers, has acquired Tasmanian producer Tamar Ridge Estates.
The deal is believed to be worth A$32.5 million (£18.6m) and includes all of the Tasmanian company’s vineyards, wineries and brands including Tamar Ridge, Pirie and Devil’s Corner.
Ross Brown, CEO Brown Brothers, said: ‘The Brown Brothers Board has been carefully considering how global warming may impact our vineyards through drought and high temperatures and recently adopted a strategy to source grapes from cooler areas.
‘This is a very sound business that ticks all our strategic objectives for growth in pinot and sparkling, and at the same time reduces the risk of drought and associated high temperatures and scarcity of water,’ he added.
Dr Andrew Pirie, the chief executive and chief winemaker at Tamar Ridge Estates, is set to retire when Brown Brothers take over.
He told ABC News: ‘I hope to have some kind of guiding role in the future, but it will be up to Brown Brothers to work out the next stage on management.’
Brown Bros is a family-owned company based in the King Valley, north-eastern Victoria and is one of the Asutralian First Families of Wine.
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Written by Rebecca Gibb
Rebecca Gibb MW is a wine journalist and editor who has also founded Bamboozled games, ‘the world’s first wine and spirit puzzle makers’. Having spent six years living in New Zealand, she has recently returned to her native north-east England. While in New Zealand, she became a Master of Wine, graduating top of her class and winning the Madame Bollinger medal for excellence in tasting. A former winner of both the UK’s young wine writer of the year and the Louis Roederer Emerging Wine Writer, her first book The Wines of New Zealand was published in 2018. She also runs wine events and has her own consultancy business The Drinks Project. She was a judge at the 2019 Decanter World Wine Awards (DWWA).