One of Australia’s largest wine companies, Accolade Wines, has put two of its well-known South Australian wineries on the market after deciding to close them last year, AFR reports.
The winemaker has appointed wine industry specialists Langley & Co. to sell Petaluma winery, alongside its vineyard and cellar door in the Adelaide Hills and Krondorf winery and cellar door in the Barossa Valley via expressions of interest campaigns.
Langley & Co. managing director Toby Langley said Petaluma was expected to sell for between $6 and $10 million while Krondorf was tipped to sell for more than $3 million.
Accolade said in December it had decided to sell the two wineries following an assessment of its wine footprint, with the production of wines at these facilities to shift to its Hardys Tintara and St Hallett wineries.
To read more on this story, visit the AFR website.
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