Three wine industry mates – Jock Harvey, Ben Gibson and Dim Georgiadis – have bought the highly-regarded Fox Creek winery in McLaren Vale.
Helen Watts and the late Dr Jim Watts founded the business in 1984.
Ben Gibson will be the CEO of Fox Creek.
“In spite of the hardships the wine industry has faced in the current climate and pandemic, Jock, Dim and I immediately saw the value in investing in such an iconic wine brand in McLaren Vale,” Ben told InDaily.
“With Fox Creek located so close to our hometown of Willunga, Jock and I could not be happer to be reunited.
“In partnership with our great friend Dim, we embark on what will be an exciting new chapter for Fox Creek Wines.”
Jock, who owns Chalk Hill Viticulture, says it will be “steady as she goes” for the brand but they do plan to invest in the cellar door and vineyards.
“I there is a genuine opportunity to really build on that site,” he says.
“It is a serious counter-cyclical investment, however, there is a fair bit of combined experience and we have inherited a good team at Fox Creek.
“I think we’ll bring renewed energy to the team and the brand and the site as well.
“I’ve had some really encouraging messages and phone calls.”
Helen Watts told InDaily, “As I recently celebrated my 86th birthday I decided it was time to find the right people to take Fox Creek onwoard and upward into the future.
“I am confident we have done this.”
The business includes a 1,200-tonne winery.
Fox Creek had been on the market for about three years.