Andrew Peller Limited acquired the three estate wineries for $95 million and is now considered BC's largest wine producer
Grimsby, Ont. – Ontario’s Andrew Peller Limited has acquired three estate VQA wineries in BC for $95 million.
In a statement, the company says it has acquired 100 per cent of Black Hills Estate Winery and Gray Monk Estate Winery, and “has entered into a letter of intent to acquire 100 per cent of Tinhorn Creek Vineyards.”
“My grandfather started our business in the Okanagan nearly 60 years ago and we have always been inspired by the [Okanagan ] Valley’s promise to make wines that rival the very best in the world,” says CEO John Peller in the statement.
“We have long admired these leading estate VQA wineries and now it is a privilege to bring their ultra-premium wines and talented people into our family. With our investment and resources, these wines have the potential to grow, develop and compete in the growing luxury wine market around the world.”
Oliver, BC-based Black Hills Estate Winery’s flagship wine is Nota Bene, also the number-one ultra-premium red wine in Canada, says the statement. Black Hills has 50 acres of vineyards, and “the winery consistently sells out of its high performing portfolio of VQA wines.”
Gray Monk Estate Winery has 50 acres of grape plantings, is family owned and operated and is located in Okanagan Centre in the Lake Country region north of Kelowna. The statement says it’s best selling product is its Pinot Gris.
Tinhorn Creek Vineyards, also near Oliver, BC, has 150 acres of vineyards and includes a restaurant, Miradoro. The winery produces both red and white wines.
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