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Casella Family Wines Takes Controlling Share Of Peter Lehmann Wines

Published on Nov 13 2014 2:38 PM in Drinks

Casella Family Wines Takes Controlling Share Of Peter Lehmann Wines

Casella, owners of the Australian wine brand Yellow Tail, has acquired a controlling stake in Peter Lehmann Wines from Hess Group for US$49.5 million – a significantly lower figure than the $103m Hess shelled out for the brand in 2003.

Peter Lehmann’s widow Margaret revealed that she intends to sell her 10.8-per-cent share to Casella, which would grant it a 90-per-cent controlling share overall.

“The Board . . . is confident that John Casella and his team will be fine custodians of Peter Lehmann’s legacy,” said Christoph Ehrbar, chairman of Peter Lehmann Wines.

“Casella Family Brands is an Australian, family-owned wine success story with the vision and expertise to continue the development of this iconic South Australian wine business.”

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© 2014 European Supermarket Magazine – your source for the latest retail news. Article written by Peter Donnelly.

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