Paragon Wine Estates, which is part of the Woolworths-owned Endeavour Group, has bought Oakridge Wines in the Yarra Valley from Ilana Atlas and Tony D’Aloisio.
Oakridge Wines is recognised as one of Australia’s greatest wineries.
In the 2021 Halliday Wine Companion Oakridge had 14 wines with scores of 95 points or more.
The sale includes the vineyards, the brand, the restaurant and the cellar door.
“We look forward to enjoying the magic that the winemaking team led by chief winemaker David Bicknell will create in vintages to come,” Endeavour Group managing director Steve Donohue told Inside FMCG.
David Bicknell said, “Personally, it’s great to have strong support and encouragement to continue 20 years of work at Oakridge, to continue to make wines the way they should be made, and to build on our reputation as sustainable farmers.”
The Endeavour Group, which includes Dan Murphy’s, BWS, Cellarmasters, Langton’s and the ALH Group, is owned by the Woolworths Group.
Paragon Wine Estates also owns Chapel Hill in McLaren Vale, Krondorf in the Barossa and Riddoch in Coonawarra.
Oakridge was established in 1979. Tony D’Aloisio bought Oakridge from Evans & Tate winery in 2007.