Champagne Indage to Acquire Loxton Winery

Champagne Indage has announced its plans to acquire Australian Vintage’s Loxton winery in an all cash transaction for A$60 million.

According to the company, the deal is set to be completed over the next six months. The acquisition of the winery will increase the total production capacity from 32 million liters (3.5 million cases) to 122 million liters (13.5 million cases) per year.

Loxton winery, situated in Riverland, south Australia has an annual crushing capacity of over 80,000 tons and an annual capacity of 90 million liters.

Ranjit Chougule, managing director of Champagne Indage, said: “With an existing market share of 75%, the purchase of Loxton is meant to be a part of a larger strategy of going global.”