Accolade Wines has ended its four-year co-bottling deal with Treasury Wine Estates and will bottle its own wine with a $40 million investment in a winery at Berri in South Australia's Riverland.
According to The Australian Financial Review, the company will invest the money into a glass bottling plant and warehouse as it moves towards its goal of a $1 billion-plus ASX listing.
The new Accolade facility will be ready in less than two years, will employ 40 people, and will have the capacity to bottle eight million cases of wine annually, according to the company.
Accolade currently bottles its wine at TWE's Wolf Blass production facility in the Barossa Valley, and will end the agreement once its new facility is up and running.
Accolade owns brands such as Hardys, Leasingham, Grant Burge, and Banrock Station.
The wine company controversially shut down a bottling and warehousing facility at Reynella in Adelaide's outer southern suburbs in 2012.
The new facility will have the capacity to bottle about eight million cases of wine annually.
The Berri winery, currently focusing on cask wine, crushes about 200,000 tonnes of grapes annually, and has 260 million litres of storage.
Construction of the bottling plant will begin in early 2017.
