Black Hills Sold to Andrew Peller Limited

I wanted to share with you the exciting news that Black Hills Estate Winery, known for its ultra-premium, award-winning portfolio of Okanagan wines, has been acquired by Andrew Peller Limited. The sale has been approved by the Black Hills Estate Winery board of directors and is subject to approval by its limited partnership. The transaction is expected to be completed in early October.

Since our humble beginnings in our Quonset Hut on Black Sage Road back in 1996, our winery has been committed to continuously pushing the quality of the grapes we grow, the wine we produce and the hospitality we provide. We call this our "continual quality evolution" and we have put painstaking efforts and significant capital investments into this commitment over the years.

We are thrilled that Andrew Peller Limited, a three-generation winery, shares this same passionate vision for our wine and will in turn give our winery access to the resources and tools to evolve our wine even further. With their resources and support they provide us with an opportunity we could only dream about before, and that is to compete on the global stage.

It is expected that most, if not all, of the employees currently with our business will continue with the winery under the new ownership, including myself and winemaker, Graham Pierce. We will continue to maintain all relationships with our loyal customer base and honour all commitments and privileges for all Wine Club members. Further, together with Andrew Peller Limited we will continue to support the important restaurants and fine wine stores that we have worked with for years.

You can view the news release issued from Andrew Peller Limited on the  newswire HERE.

RBC Capital Markets acted as financial advisor to Black Hills Estate Winery and Burstall Winger Zammit LLP acted as legal advisor.

Warm regards,

Glenn Fawcett