Mulderbosch Vineyards Sold to Terroir Capital U.S. Investment Group
on 15/12/10 at 9:58 amIndustry
California-based Terroir Capital, an investment group founded by former Screaming Eagle co-owner Charles Banks, has entered into an agreement to purchase Mulderbosch, a leading white wine producer in South Africa’s Stellenbosch region. It’s the second purchase of a South African winery by Terroir, which develops and operates luxury resorts, restaurants and wine-related ventures. The sale price was not disclosed but the agreement includes the Mulderbosch brand, winery and 136 acres of vineyards, as well as the current inventory of wine. Mulderbosch’s sister winery Kanu was not part of the sale.
Larry Jacobs, a retired doctor, founded Mulderbosch in 1989 with the help of former winemaker and co-owner Mike Dobrovic after Jacobs purchased a rundown fruit farm in the Koelenhof area of Stellenbosch. The winery has changed hands several times since then. It has a strong track record in the U.S. market with its white wines, specifically its Sauvignon Blanc, and currently produces around 118,500 cases a year.