Indevin to buy Villa Maria for undisclosed sum

Indevin plans to invest in its new acquisition. (Image: Supplied)

Mon, 02 Aug 2021

Indevin Group will beef up its national footprint after agreeing to buy Villa Maria Estates for an undisclosed sum.The Marlborough-based winemaker has signed a conditional agreement to buy the shares of Villa Maria Estates, wrapping up a nine-month sale process after the Fistonich family’s vehicle FFWL was tipped into receivership.“Adding Villa Maria to our portfolio fits within our long-term growth strategy and will complement our existing business,” Indevin chair Greg Tomlinson said in a statement.“If the conditions of...

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