Endeavour Group has acquired Shingleback Wine in McLaren Vale, South Australia. The winery, established in 1997, is the latest addition to the group’s premium wine portfolio, Paragon Wine Estates.
Paragon is the premium portfolio for Endeavour Group’s products and services arm, Pinnacle Drinks.
Endeavour acquired Tasmanian winery Josef Chromy Wines in May and Oakridge Wines in March last year, confirming a shifting focus to the premium end of the market.
Brands now part of Paragon Wine Estates are Oakridge Wines (Yarra Valley), Chapel Hill (McLaren Vale), Krondorf (Barossa Valley), Riddoch (Coonawarra), Josef Chromy Wines (Tasmania) and Isabel Estate (Marlborough, New Zealand).
Pinnacle Drinks director Paul Walton said Shingleback Wine had been producing “beautifully rich and full-flavoured wines for 25 years” and its acquisition was part of the company’s premium portfolio growth strategy.
Shingleback was founded in 1997 by brothers Kym and John Davey. The winery had been a long-term supplier to Endeavour Group.
“We know that the Shingleback family of wines has a bright future as part of Paragon Wine Estates. We are very proud of our team’s stellar achievements over the last 25 years and are confident that Endeavour Group has the passion, people, and capacity to continue to build on that success,” the brothers said.
The acquisition includes the Shingleback Wine brand portfolio, a long-term lease of the McLaren Vale cellar door and an ongoing grape supply agreement.
