Brown Brothers puts White Hills Vineyard for sale
Brown Brothers, an Australia-based family-owned wine company, has placed its White Hills Vineyard in Tasmania for sale, as part of plans to restructure its business due to decline of sales in Europe.
White Hills Vineyard was purchased from a timber company Gunns in 2010.
Located in the Tamar Valley in the north of Tasmania, the 83ha vineyard is planted with varieties such as Pinot Noir, Chardonnay, Riesling, Sauvignon Blanc, Pinot Gris and Gewurztraminer.
Brown Brothers chief executive Ronald Wahlquist was quoted by themercury.com as saying that the sale was part of the company's broader restructure program.
"We have asked the permanent employees to stay on and run the vineyard until it sells," Wahlquist added.
"We are still selling grapes from that operation and the vineyard market is sound."
The winery also owns The Hazards Vineyard and Kayena Vineyard in Tasmania region, which it plans to retain.
Brown Brothers also plans to sell its Whitlands Vineyard in Victoria.