According to the farmweekly, 

A deal to save McWilliam's Wines has been welcomed by the region's wine industry. The winery's creditors are set to vote on a deal valued at $50 million to save the historic business on July 24. Riverina Winemakers Association president Andrew Calabria said seeing McWilliam's permanently close would have been sad. "We've seen some big names come and go, the worst thing is to see a winery close its doors," Mr Calabria said.

He said Penfolds and Wynns had previously operated in Griffith, and to see the founders of the Riverina as a wine region close would have been a blow to the industry.

Read more at source: farmweekly