Monday 17 November 2014 by Chris Mercer - Accolade, which is controlled by Sydney-based Champ Private Equity, confirmed that it was in \'exclusive discussions to acquire the award-winning Barossa-based Grant Burge Wines\'.

While it warned that there was no guarantee of a deal, its announcement is further evidence of a fresh consolidation trend in the Australian wine industry.

Late last week, the owner of the Yellow Tail brand, the Casella family, announced that it has agreed to buy control of around 95% of rival Peter Lehmann Wines in a deal worth approximately A$60m. Casella said it intended to follow this up by acquiring all remaining shares in Peter Lehmann.

Read more at Source | Decanter.com