Deal for winery

Last updated 15:07 11/10/2012

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Marlborough Lines buys 80pc stake in Yealands Wine Group Award to celebrate region's best young winemakers Lengthy drought still major concern in Marlborough Council extends loan guarantee after theatre funding falls through Foreign buyers snap up Marlborough vineyards Online sales boost Marlborough business New seal-swimming and viewing ventures to be stopped Ritual Cafe up for sale Long-established Renwick company installs new printer Want a luxury glass box on your land?

Global wine company Negotiants has signed a distribution deal with Mt Beautiful Wines, owned by former Blenheim man and National Business Review rich lister David Teece.

Mt Beautiful is based near Cheviot in North Canterbury, and Teece Family Vineyards distributes its wines to the United States, Hong Kong, Britain, Singapore, Canada and Australia.

Negotiants New Zealand distributes a large portfolio of wines from around the world.

The Marlborough wines in its portfolio include Giesen Estate, Greywacke, Fromm, Palliser Estate and St Clair Family Estate.

A subsidiary of the wine distribution company also fully owns Marlborough winery Nautilus Estate.

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- The Marlborough Express

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