Highweald Wine buys Lake Street vineyard
Highweald Wine has completed the acquisition of a vineyard planted with classic traditional method grape varieties.
The Sussex-based English wine producer said the purchase of the Lake Street vineyard is its first acquisition. The vineyard, which was previously owned by Fox & Fox, is situated on the Sussex High Weald, close to the historic village of Mayfield, and it is planted with Chardonnay, Pinot Noir and Pinot Meunier grapes.
Lake Street will continue to produce English sparkling wine under its new ownership but it will also extend its offering through the production of still wine, in limited quantities.
Highweald Wine is a subsidiary of Highweald Beverages, which is supported through investment from alternative private equity investment firm Cadman Capital Group.
Robin Langton, general manager of HIghweald Beverages, said: “We are extremely excited to welcome the Lake Street vineyard to our Highweald Wine portfolio.
“Developing our market share within this rapidly-growing industry is of great importance if we wish to operate at the forefront of the English drinks market. We are currently in the process of creating extensive plans to increase the output of the vineyard, making it a very exciting time for the business.”
Investment director, Stephen Bayliss, said: “The purchase of Lake Street supports our ongoing strategy to become a prominent, mid-market drinks company with strong and recognisable brands. We want to create enjoyment through great products and the acquisition of Lake Street brings us one step closer to achieving that goal.”
In a quest to further expand its market share within the English drinks market, Highweald Beverages will continue to seek complementary businesses, vineyards and land within South East England and beyond.