Foley Family Wines buys Mt Difficulty for $55 million

Tue, 14 Nov 2017

By Sophie Boot Nov. 15 (BusinessDesk) - Foley Family Wines, which is controlled by US businessman Bill Foley, has bought Mt Difficulty Wines for about $55 million, subject to Overseas Investment Office approval. The NZAX-listed company said last month that it was in talks to buy the winemaker, adding the premium Mt Difficulty and Roaring Meg brands to its suite which already includes Vavasour, Grove Mill and Te Kairanga. The transaction also covers Mt Difficulty's property interests, winemaking and cellar door facilities. It's subject...

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