Australia-based Accolade Wines has acquired Rolf Binder Wines of Barossa Valley in north-east Adelaide, Australia, for an undisclosed sum.

Established in 1955, Rolf Binder Wines produces a wide range of highly acclaimed premium Barossa wines using fruit from its own vineyards.

Currently, Rolf Binder has more than 100ha of vineyard and the company winery is operated by Rolf Binder Jnr.

Accolade Wines CEO Robert Foye said: “We are delighted to bring a business with such legacy and deep experience in the Barossa Valley as Rolf Binder into the Accolade Wines family.

“We are excited about the role the Rolf Binder brand will play in our diverse portfolio and the role the Rolf Binder premium red and white grapes will have in supporting Accolade’s other Barossa brands, including Grant Burge and St Hallett.

“We are focused on sustainably growing the future of our amazing brands, the wine industry around the world and the communities in which we work.

“We continue to support our core global brands and work with partners in each market to respond to the demand, increasing access to quality wine for wine lovers everywhere.”

The company noted that the acquisition is part of its ongoing growth strategy and commitment to the South Australia wine region.

Rolf Binder Jnr said: “As one of the biggest wine companies in the world, we believe Accolade has the capacity to take Rolf Binder wines global.

“This announcement is also great news for the Barossa and this additional investment will continue to support the Barossa’s profile as a leading global wine region.”

In June 2018, The Carlyle Group (CG) completed the acquisition of Australia’s Accolade Wines in a deal valued at $772m (A$1bn).