Pernod Ricard winery on the market
A large Hawke's Bay winery with a capital value of $8 million is on the market.
Production at the Pernod Ricard winery in Napier fell after Pernod Ricard sold its Lindauer, Corbans and ten other brands in November 2010.
Pernod Ricard is understood to be consolidating local production capacity at its Church Road winery in nearby Taradale.
The Napier winery - which has the capacity to crush and ferment 10,000 tonnes of grapes per harvest and can store 8.3 million litres of wine - was shut in June. Tenders close on September 14.
Rollo Vavasour, commercial and industrial salesman at Bayleys Hawke's Bay, said the scale of the winery meant its buyer would likely be a multinational firm.
Pernod Ricard could also consider selling one or two of its Hawke's Bay vineyards to potential buyers of the winery, Vavasour said.
"When taking a longer-term view of the New Zealand viticulture market - which is now showing increasing signs of positive recovery - this opportunity is an outstanding one for the right purchaser."
The land and plant has a capital valuation of $8.05m.
- © Fairfax NZ News
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