Sadleirs sells Plantagenet wines
Western Australia’s oldest family business, Lionel Samson Sadleirs Group has sold its wine business. The buyers include Tom Wisdom and his wife Joanne. Tom is a descendant of the founders of the Sadleirs Group. A number of vineyards were also acquired by the Fogarty Wine Group, the largest wine producer in Western Australia.
Plantagenet is based in the Great Southern wine region and comprises a vertically integrated wine producing business, including mature vineyards over 90 hectares. Sadleirs identified Plantagenet as non-core to its business, which is primarily logistics focussed, and as such, made a strategic decision to divest the business.
BDO in Perth was engaged by Sadleirs to undertake an assessment of options available, from which the board chose a sale as the most preferable option. Our team identified, screened and approached suitable targets, secured a number of attractive offers for the business, and project managed the transaction to completion, achieving a sale price in excess of the client’s initial expectation.