Distell sells Uitkyk to Warwick
· 1 min read
Distell, Africa’s leading producer and marketer of leading fine wines, ciders, spirits and RTDs, has entered into a sale agreement with Warwick Wine Estate, to acquire Uitkyk wine farm. Warwick Wine Estate has existing interests in the Western Cape wine industry.
Speaking after the announcement, Richard Rushton, Distell’s Managing Director, said the sale of Uitkyk was part of the company’s efforts to streamline its asset portfolio, in a way that allows it to re-invest further into its business and achieve its growth aspirations.
The sale was also consistent with Distell’s strategy to focus and increase its investment on a select portfolio of wine brands and assets.
“Our key focus brands, like Nederburg, Alto, Fleur du Cap, Plaisir de Merle and Durbanville Hills, have shown strong performance for the financial year-to-date and this reinforces the benefits of our more focused approach,” said Rushton.
He added that wine remained integral and pivotal to Distell’s long-term success and the sale of Uitkyk presented the company with an opportunity to build this category with even greater scale.
Distell would also remain fully committed to growing the South African wine industry and playing a key role in the wine category.
More from
Markets, business and trade
How research is changing the wine we drink
Wine research starts long before the bottle reaches the shelf. It gives producers a better understanding of what happens in the vineyard and cellar, while providing evidence for decisions that can affect the wine consumers eventually drink.
Precision Fermentation: Biotech to balance Flavours, Acid and Alcohol
As warmer vintages widen the gap between ripeness and freshness, a new generation of selected yeasts lets winemakers rebalance wine during fermentation, not after.
WBWE – a global business barometer
If you want to understand where the global wine industry is heading, don’t look only at retail shelves or export statistics. Look at what is happening in the bulk wine market.