Western Australia's largest wine producer has increased its dominance of the sector in a year when many producers were affected by extreme weather events.
NSW-based McWilliam's Wines Pty Ltd has emerged as the successful bidder for collapsed Margaret River winery Evans & Tate following a seven week tender process sparking interest from operators including Foster's Group Ltd and De Bortoli Wines Pty Ltd.
East coast wine player McWilliam's Wines Pty Ltd has entered into an agreement with the receivers of Evans & Tate Ltd for the Australian distribution of the E&T, Gnangara, X&Y and Oakridge wine ranges from September 1.
Evans & Tate has signed a binding agreement with ANZ Bank and Pendulum Capital Pty Ltd that will see east coast wine player McWilliam's Wines Pty Ltd take an equity position in the Margaret River winery.
