Wine Spectator: Ernie Els Wines Co-Owner Buys Historic South African Winery StellenzichtMay 24, 2017
The co-owner of Ernie Els Wines is expanding his Stellenbosch presence, buying the neighboring Stellenzicht winery. Baron Hans von Staff-Reitzenstein, who has been majority shareholder in Ernie Els wines since 2015, has purchased the farm and winery from Lusan Holdings.
According to Els executives, the deal is part of a strategy to secure more of their own fruit. The 550-acre property in the Helderberg region, with 250 acres currently planted, is one of the largest in the region and significantly larger than Ernie Els Wines’ 178 acres. A large portion of the farm is well-suited to Rhône varieties, specifically Syrah. The purchase price was not disclosed, but industry sources say Stellenzicht was listed for $9.84 million. Wine Spectator has the full story.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.