On 1st December Accolade confirmed that an agreement had been reached which would see it take control of the Barossa-based business. Its brand and its Krondorf winery. A number of third party conditions need to be satisfied but all negotiations are expected to be complete early January 2015. Grant Burge is a fifth generation family-owned business that produces a broad range of wines from across South Australia with a particularly strong reputation for its Barossa fortified expressions and some “icon” wines such as “Meshach Shiraz”. It is currently run by Grant and Helen Burge who have said they were “looking forward to working closely with Accolade and seeing their trophy-winning portfolio becoming more widely known and appreciated outside of Australia.”
Accolade’s acquisition of Grant Burge follows significant investment by its owner, Champ Private Equity, including £10 million injection to build Hardys brand worldwide and an £11 million bottling line extension at their UK facility.