VENTURES: Graham Beck Sells To The Ruperts
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The Graham Beck Wines group has sold its Franschhoek properties to the Anthonij Rupert wines group.
The sale was concluded on 21 February 2011 and is subject to certain conditions, including regulatory approvals.
The transaction includes 452 hectares of land, including 72 hectares of vineyards; a cellar each for processing red and white wine; cellar door, administrative and storage facilities; and the La Garonne manor house.
Graham Beck Wines’ Robertson cellar and vineyards, and its Firgrove estates (located between Stellenbosch and Somerset West) will continue to operate as before and do not form part of the sale.
General Manager of the Graham Beck Wines group, Gary Baumgarten said, “Consistent with standard business practice, the company assets, products and modus operandi of Graham Beck Wines are reviewed and evaluated periodically, and decisions are taken on the basis of optimisation of our business profitability and product quality.
“Therefore, it was decided to consolidate the asset base and sell the Franschhoek estate of Graham Beck Wines. Such consolidation provides the benefit of sweating the remaining asset base of Graham Beck Robertson (focusing on Cap Classique production but still producing still wines), Steenberg Vineyards for the production of still wine under the Steenberg trademarks, and the Firgrove properties of the Graham Beck Wines group for premium grape viticulture.
“None of the other Beck family wine interests form part of this transaction, there will be no change in the ownership of the Graham Beck Wines group and the management of the operations of the Graham Beck Wines group remains unchanged.”
Johann Rupert, owner of the Anthonij Rupert Wines group said, “The late Graham Beck was a friend of over thirty years. We had been neighbours for decades and he offered us the opportunity to acquire the land adjacent to L’Ormarins some time ago. As a farmer it is generally accepted that if, during your lifetime, the neighbouring farm becomes available, you are very fortunate.”
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