Accolade Wines has sold its historic Swan Valley winery and associated assets to local winemaker Oakover Vineyards, owner of the neighbouring Oakover Grounds property.
The winery was the home of Houghton Wines since 1836.
Under the terms of the agreement, Oakover Vineyards will acquire the winemaking facility at Middle Swan along with the adjoining cellar door and vineyard.
Accolade will continue to own and produce the Houghton brand by utilising capacity at its existing Western Australia winery at Nannup. The portfolio spans brands including Houghton Stripe and the Small Batch range to the premium varietals –Thomas Yule Shiraz, Gladstones Cabernet Sauvignon, Jack Mann Cabernet Sauvignon and CW Ferguson Cabernet Malbec.
Oakover Vineyards is a family winery located in the heart of the Swan Valley. The estate was one of the original properties established in the Swan Valley in the 1830s. Some of the Swan Valley’s first grapevines were planted on the Oakover land by Samuel Moore in the early 1850s.
Third generation Swan Valley farmer Mark Yukich and sons Graeme and Kim continue a proud family tradition of growing quality grapes and producing premium wines that reflect the terroir of the region.
Oakover Vineyards executive chairman Graeme Yukich said, “We are very excited to have this opportunity to bring the ownership of the Swan estate back to Western Australia.
“The family bought the land which Oakover Grounds sits on from Houghton 30 years ago, and now we’re finally putting the entire plot back together again.”
Accolade executive chairman Ari Mervis said: “We’re happy that through this transaction we have been able to ensure the winery will continue to operate in the Swan Valley.
“Over the past year, Accolade Wines has been actively reviewing its production footprint across Australia to ensure that we have the appropriate facilities in the right places to support our plans to increase sales of some of Australia’s preferred wines both locally and overseas.
“We look forward to growing and expanding our award winning brands in key markets around the world.”