Contract winery to buy Sacred Hill’s Marlborough business

Contract winery to buy Sacred Hill’s Marlborough business
VinLink will acquire vineyard leases, inventory, and plant and equipment (Image: Deposit Photos)
Paul McBeth
Blenheim contract winemaker VinLink Marlborough has agreed to buy Sacred Hill’s Marlborough business for an undisclosed sum.Sacred Hill receivers Rees Logan and Andrew McKay of BDO said they picked up the sale process the wine company started before their appointment on May 11 and agreed to sell the Marlborough business to VinLink once Property Law Act (PLA) notices – which give a borrower time to fix a loan default – expired.As part of the deal and to keep a lid on costs, the receivers agreed for VinLink to help manage the op...

More Primary Sector

Fonterra steps up work on potential consumer business divestment
Primary Sector

Fonterra steps up work on potential consumer business divestment

Last month Fonterra said it was still working towards a 12- to 18-month timeframe. 

Synlait lifts 2024/25 forecast milk price
Primary Sector

Synlait lifts 2024/25 forecast milk price

Its $9 per kilogram of milk solids is in line with Fonterra's midpoint.

Delegat boss Steve Carden quits
Primary Sector

Delegat boss Steve Carden quits

Delegat Group managing director Steve Carden has resigned.Having been with the business for three years, his last day will be on Jan 31, 2025.He joined the New Zealand Exchange-listed (NZX) wine group in 2022, having been chief executive of state-owned farmer Pāmu for eight years...

Riley Kennedy 08 Oct 2024
Simon Limmer on switching from red meat to wine
Primary Sector

Simon Limmer on switching from red meat to wine

Indevin Group chief executive reflects on his first few months in the role.

Riley Kennedy 07 Oct 2024