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Canadian giant Peller to acquire Black Hills, Gray Monk, Tinhorn

Sep 13, 2017

(Greatnorthwestwine) - Canadian giant Andrew Peller Limited announced today that it has entered agreements to purchase Tinhorn Creek VineyardsBlack Hills Estate Winery and Gray Monk Estate Winery – three of British Columbia’s most important wineries.

The publicly traded company with headquarters in Grimsby, Ontario, said the combined total of the three transactions will cost $95 million in a combination of cash and stock. The sales are expected to be finalized by Nov. 1. According to Peller, the three Okanagan Valley wineries generated a total of $25 million in their most recent fiscal year.

“It has been the honour of my life to have helped build Tinhorn Creek, to make great wines with an attention to sustainability and most importantly, to run our business with empathy toward our employees, our customers and our community,” Tinhorn CEO Sandra Oldfield stated in a news release. “Andrew Peller will continue the long term development and growth in the Okanagan that we started.”

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