Following a profitable plc takeover bid, the acquisition is a 50/50 three way partnership between the 2 British-owned companies.
Lizzy Rudd, chair of Berry Bros & Rudd, mentioned: “Collectively, we’re dedicated to sustainable viticulture and winemaking, and we imagine that this enterprise, which was the primary business English winery of the trendy period, has the foundations and potential to prepared the ground within the English glowing wine class.
“We’re two household companies who’ve labored collectively and been pals for a few years. We share the identical values and ethos and are delighted to be partnering to carry stability and progress to this enterprise at a really thrilling time for English glowing wine,” Rudd added.
The bid has reached 90% shareholder acceptance and has been declared “unconditional”, which triggers the necessary buy of the remaining shares, resulting in a 100% acquisition.
Hambledon produces wine from 200 acres of winery planted on the identical grade of chalk as Grand Cru Côte des Blancs in Champagne, and is one among few English producers with the capability to supply greater than 500,000 bottles per yr of estate-grown glowing wine 100% from chalk soils.
Johnny Symington, chair of Symington Household Estates, added: “It was going to take one thing very particular for us to make wine in a brand new nation, having produced port and wine in Portugal for 5 generations. Following prolonged evaluation of the English glowing wine class we’re thrilled to be buying one of many main producers in partnership with Berry Bros & Rudd.”
