Seppeltsfield Wines today announced the purchase of McLaren Vale winery Ryecroft, and an adjoining vineyard in McLaren Flat, from Treasury Wine Estates.
The acquisition settled on Friday 31 March and the details of the transaction are confidential.
The Ryecroft winery site, which has a production capacity of about 30,000 tonnes, is expected to be utilised as ancillary crush, fermentation and storage facility for Seppeltsfield’s broader vineyard holdings in South Australia.
In addition to the winemaking infrastructure on Ingoldby Rd, McLaren Flat, the Ryecroft sale includes 100 acres of adjoining vineyard and water licences.
The addition of the Ryecroft plantings takes Seppeltsfield’s collective ownership of South Australian vineyard area to 5,700 acres, including the largest (private or corporate) holding ever in both the Barossa and McLaren Vale regions.
“The Ryecroft acquisition super-charges our premium wine crush and fermentation capacity,” Seppeltsfield proprietor Warren Randall says.
“Attached to the original 1888 A grade winery is 21,000,000 litres of storage capacity, so we see this as a very supportive addition to Seppeltsfield’s winemaking asset base.
Mr Randall also identified the purchase of Ryecroft as an opportunity to continue acquiring historic South Australian wineries.
“There’s an untold rich history of Ryecroft – established in 1888 in McLaren Vale by Frederick Wilkinson, 33 original wax-lined concrete fermenters are still in place and can be used for ultra-premium winemaking,” he says.
Seppeltsfield will begin crushing operations at the Ryecroft site this week as part of the 2017 vintage.