Adelaide Hills boutique winery, Abbey Rock Wines, is for sale after being placed into voluntary administration at the request of its directors.
“Abbey Rock Wines will carry on business operations while we undertake the sale process,” said Austin Taylor of Meertens Chartered Accountants, who was appointed voluntary administrator following the breakdown of a business agreement in the US.
“We are working closely with the company’s directors to maintain the integrity of their business operations, and as quickly as possible return to their high-potential growth path,” he said.
Abbey Rock Wines has its cellar door at Balhannah, on the main Onkaparinga tourist drive route. The 1.65-acre property is a popular spot for visitors, with on-site licensing for 300 people.
The assets of Abbey Rock being offered for sale include its Balhannah headquarters, production centre, offices and plant and equipment, as well as existing wine stocks estimated to be worth $1 million.
Abbey Rock Coonawarra Riesling and Coonawarra Cabernet Merlot and its Hahndorf Rise Pinot Noir wines have scooped Gold Medals at European Wine Challenge events over the past three years.
The Company has also developed a network of distribution channels into Western Europe, Asia, the US and Canada.