Paragon Wine Estates, part of Endeavour Group, has bought Yarra Valley’s Oakridge Wines’ to add to its portfolio.
The purchase includes the brands, the vineyards (20.8ha owned and 16.6ha leased), the winery, the grape grower relationships, as well as Oakridge’s restaurant and cellar door.
Established in 1979 under D’Aloisio and Atlas family-run ownership, Oakridge Wines has grown to become an internationally recognised wine producer and a known Yarra Valley destination.
According to Endeavour Group MD Steve Donohue, Paragon’s ambition is to preserve the heritage of wines with provenance, share the stories – some of which span centuries – and make them more accessible to wine lovers throughout Australia.
“We look forward to enjoying the magic that the winemaking team led by chief winemaker David Bicknell will create in vintages to come,” said Donohue.
The recent addition expands the Paragon Wine Estates portfolio across five premium key wine regions in Australia and New Zealand – Oakridge Wines (Yarra Valley), Chapel Hill (McLaren Vale), Isabel Estate (Marlborough, NZ), Krondorf (Barossa Valley), and Riddoch (Coonawarra).
“Personally, it’s great to have strong support and encouragement to continue 20 years of work at Oakridge, to continue to make wines the way they should be made, and to build on our reputation as sustainable farmers,” said Bicknell.