1st December, 2014 by Lauren Eads

The financial terms of the deal have not been disclosed.
The possibility of an upcoming deal emerged last week with Accolade revealing it was in exclusive discussions to buy the brand, however it added there was “no guarantee that a final agreement will be reached.” This morning Accolade confirmed it had reached an agreement with Grant Burge which would see it take control of the Barossa-based business, its brand and its Krondorf Winery.

The acquisition is expected to be completed in January 2015, assuming it satisfies a number of third-party conditions – the terms of which were not disclosed.

A statement released by Accolade Wines said it was “excited by the opportunity to build on the domestic strength of the brands and grow Grant Burge Wines internationally through its distribution network”, which spans 112 countries.

Grant Burge, a fifth generation family-owned business, produces a broad range of wines from across South Australia with a particularly strong reputation for its Barossa fortified expressions and “icon” wines such as Meshach Shiraz. It is currently run by Grant and Helen Burge who 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.” 

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