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Mulderbosch Vineyards Sold to Terroir
Mulderbosch Vineyards in Stellenbosch, South Africa, has been sold to Terroir Capital, a California-based investment group.
According to a decanter.com report, the purchase which was done for an undisclosed sum, will include the entire brand, winery, vineyards and inventory.
Mulderbosch’s sister winery, Kanu, will not be a part of the deal. Terroir Capital's team is being led by Charles Banks, a former partner in California's Screaming Eagle winery. Screaming Eagle's current winemaker, Andy Erickson, will lead the Mulderbosch winemaking team commencing with the 2011 vintage. The current Mulderbosch production team, including its winemaker Richard Kershaw, is expected to remain in place.
Banks said he is looking for additional opportunities in South Africa and is pursuing further expansion into Italy, Chile and Argentina.