One of the South West's biggest wineries, the Boar's Rock Margaret River Winery (formerly Evans and Tate), is on the market as part of the sale of businesses owned by a South Australian- based wine group.
Boar's Rock group bought the winery in 2007, adding the Margaret River landmark to its two South Australian wineries.
Boar's Rock shareholders have decided to sell the wineries - its main assets - and have appointed Colliers International to conduct the sale.
Boar's Rock is an independent provider of wine industry services to local and international customers and over the past 15 years has established a business procuring wine grapes, crushing, winemaking, offering bulk storage, barrel maturation and preparation for bottling and logistics.
Boar's Rock's chief executive Adrian Lockhart said the sale was a good opportunity to acquire a leading position in the provision of services in the Australian wine industry and said it would be business as usual for customers, suppliers and partners while the company seeks new owners.
"Most of our shareholders are getting to an age where they are ready to move on to bigger and better things and I have been advised to find new owners or strategic investors to take the company to its next stage," he said. "We have a solid operational footprint across Australia, which is quite rare and difficult to reproduce so we think existing players in the industry and those wanting to be a part of the industry will see the benefit of that.
"As a service provider we are independent and that places us in a league of our own in the industry."
Mr Lockhart said the decision to sell was not because of the tough times being experienced in the wine industry.
"I think it's a reflection of the expected cycles in agriculture, the Australian wine industry has been through a fairly challenging period and most of us believe we are about to move into another growth phase so this is a good time to have a number of assets like this on the market," he said.
"We've had a lot of interest; it's a small industry, so we are expecting a lot of interest for the business as a whole and the individual assets.
"We believe those in the know in the Australian wine industry and other investors will see the opportunity for what it is."
Colliers International's wine industry specialists Tim Altschwager and Nick Dean said the sale could be as a going concern or for individual assets.
"The market has picked up a bit," Mr Altschwager, a Colliers International director, said. "There's a bit more interest in wineries from overseas."
The McLaren Vale winery is in a premium wine grape growing and producing region in South Australia. The winery was built in 1997 and crushes 10,000 tonnes of grapes a year.In 2005 the company bought the Waikerie Winery, which has an annual capacity of 40,000 tonnes.
The new magazine for a new generation of West Australians.Click here to download the current edition »
All the latest market figures from Australia and the world.Click here »
'The West Australian' is a trademark of West Australian Newspapers Limited 2013.
All rights reserved.
Select your state to see news for your area.