Chinese wine company Changyu Pioneer has bought 80 percent of Kilikanoon Estate in the Clare Valley.
“They are the perfect partner for us. We are very flattered to be chosen, it’s wonderful,” Kilikanoon founder and chief winemaker Kevin Mitchell told the Northern Argus in Clare yesterday.
Mr Mitchell will remain as chief winemaker and Warrick Duthy as managing director, according to the report. Nathan Waks will exit as a shareholder.
WBM columnist Dan Traucki, writing in a report he has prepared on the World Bulk Wine Exhibition in Amsterdam, said Changyu Pioneer had been acquiring wine estates across the world since 2013.
“Its aim is to have an estate in every significant wine producing country,” he said.
Kilikanoon was established in 1997 and produces 90,000 cases of wine, according to the Halliday Wine Companion.
IMAGE: Kilikanoon Instagram.