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Littore Family Wines sold to privately owned company
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Costa Asset Management (CAM), a privately owned Australian company, has announced its acquisition of Victorian winery Littore Family Wines.
Once the transaction is complete the winery will operate as Idyll Wine Co. Pty. Ltd.
The business takes its name from the Sefton’s Idyll Vineyard located in the Moorabool Valley near Geelong, which was established in 1966 by Daryl and Nini Sefton and on which the winery is sited.
The Geelong winery will continue to be the base of production whilst grapes will be drawn from vineyards located throughout South Eastern Australia. Idyll Wine Co. will continue to produce brands and private label products for both domestic and international sale.
In addition to a winemaking facility, the winery operates a bottling facility with two lines capable of packing 5,000 and 10,000 bottles per hour. These lines are capable of filling both still and sparkling beverages including wine, spirits, RTD’s, Ginger Beer and Cider. The winery also offers a fully integrated Private Label service that includes the supply or procurement of bulk wine across a wide range of regions and varieties.
In a statement released by CAM said the company is excited about the future of the wine industry in Australia as there is a growing appetite for Australian wine around the world and in particular Asian markets are continuing to drive demand for high quality Australian made wine.
The transaction is expected to complete in February.