Drinks

Casella Family Wines Takes Controlling Share Of Peter Lehmann Wines

By Publications Checkout
Casella Family Wines Takes Controlling Share Of Peter Lehmann Wines

Casella, owners of the Australian wine brand Yellow Tail, has acquired a controlling stake in Peter Lehmann from Hess Group for US$49.5 million – a significantly lower figure than the $103m Hess shelled out for the brand in 2003.

Peter Lehmann’s widow Margaret revealed that she intends to sell her 10.8-per-cent share to Casella, which would grant it a 90-per-cent controlling share overall.

“The Board . . . is confident that John Casella and his team will be fine custodians of Peter Lehmann’s legacy,” said Christoph Ehrbar, chairman of Peter Lehmann Wines.

“Casella Family Brands is an Australian, family-owned wine success story with the vision and expertise to continue the development of this iconic South Australian wine business.”

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