Sacred Hill winery up for sale

Hawke’s Bay winery Sacred Hill has been put up for sale by its receivers. A notice in yesterday’s Hawke’s Bay Today said receivers were looking to sell the company and all its remaining assets: ‘‘Opportunity to acquire an established winery and well-recognised award-winning brand portfolio.’’ The notice said three businesses were for sale: Sacred Hill Vineyards, Sacred Hill Family Vineyards and Sacred Hill Global. The portfolio of brands includes Sacred Hill, Whitecliff, Gunn Estate and Ti Point. Indicative offers are wanted by June 18. The first sign of trouble for the business emerged in April when its drinks distribution business Quench Collective went into liquidation owing unsecured creditors $3.16m. After that Sacred Hill Vineyards and Sacred Hill Marlborough Vineyards were put into receivership, followed by Sacred Hill Family Vineyards and Sacred Hill Global. The Sacred Hill companies were forced into receivership by secured creditor Westpac, with Rees Logan and Andrew McKay of BDO appointed joint receivers.