The Randall Wine Group (RWG), led by Executive Chairman and Proprietor Warren Randall has acquired a 310- hectare property in the Riverland, of which 86 hectares are under vine.
Mr Randall said, “This is the first time that the RWG has invested in the Riverland and the first time a vineyard has been acquired to supply a specific brand – all other acquisitions over the last twenty-seven years have been to supply luxury bulk wine supply contracts.”
The Glen Devlin vineyard, approximately 10km upstream from Waikerie, is principally planted to the red varieties Shiraz and Cabernet.
It was acquired from the Byrne family, who planted the vineyard in 1960.
The vineyard was acquired to supply the One Pound Per Acre brand, one of the fastest growing Australian wine brands in China, with a distribution agreement servicing 12,000 fine wine retailers initially, with the potential to grow to 140,000 across the next five years.
The Randall Wine Group is the largest private, luxury vineyard holder in South Australia, with total holdings of 3,318 hectares across eight premium wine growing districts including Barossa, McLaren Vale, Clare, Langhorne Creek, Currency Creek, Coonawarra, Eden Valley and now the Riverland.