Australian Treasury Wine Estates has hung out the for sale sign at its South Australian Ryecroft winery – which used to produce much of the group's famous Rosemount wines - along with the T'Gallant and Baileys wineries in Victoria.
A Treasury spokesman said T'Gallant, which focuses on pinot varieties, and Baileys, known for its dry reds and dessert wines, did not have sufficient scale for TWE's needs.
The decision to sell Ryecroft, in the McLaren Vale, comes just months after it was mothballed in November 2014.
bbabo.Net