$500k wine missing whilst in the care of insolvent co.

In Featured Home Page News, New South Wales, South Australia, Victoria

From Adelaide Now

$500,000 in SA wine stolen in truck heist in NSW

MORE than 60,000 bottles of South Australian wine worth about $500,000 have been stolen while in transit in New South Wales.

The theft, which has affected up to 12 McLaren Vale wineries, happened over the Australia Day long weekend.

WineWorks Australia told adelaidenow that trailers carrying the wine were found empty about 4km from the Sydney depot of Wettenhalls Express Transport Group, which went into administration while in possession of the wine.

The 62,000 bottles did not arrive at the company’s depot  over the long weekend as scheduled and it is unclear how the wine vanished.

NSW Police are investigating the theft.

South Australian wineries affected by the theft include Gemtree Vineyards, Chapel Hill Wines, Lakebreeze Wines, Tapestry Wines, Setanta Wines, Zontes Footsteps, Paxton Wines, Geoff Hardy/Pertaring Wines and Dandelion Vineyards.

WineWorks Australia general manager Kent Brown said wine distribution companies should be alert to the missing bottles and if approached by anyone attempting to sell any of it – or a suspicious amount of cleanskin wine – they should contact WineWorks Australia on 08 8382 8882, Merrylands Police Station (Sydney) on 02 9897 4899, or Crimestoppers 1800 333 000.

From Transport & Logistics News

Wettenhalls management puts up money to buy business

The receivers of the Wettenhalls Group confirmed on Wednesday that they have sold the Wettenhalls business in a management buy-out.

The sale preserves about 200 permanent jobs and puts Wettenhalls back into the market as a viable business with certainty of employment for employees.

“Within hours of our appointment we had spoken to every major player in the road transport sector to gauge their level of interest, and it is fair to say the interest was significant,” said Wettenhalls receiver and Ferrier Hodgson partner Brendan Richards. “It was clear there was a future for this business if we could bring together the new management team with a restructure and a buyer within a short time frame.”

“By closing the Express business and selling the Warrnambool business we have been able to restructure the Wettenhalls operation and as a consequence we are left with a stronger business that has the potential to generate value.”

“The new management team had a clear vision of how this business could succeed and worked with us to deliver this excellent result,” Mr Richards said.

The receivers of the Wettenhalls Group confirmed on Friday that they have sold the Wettenhalls Warrnambool business and assets to Westvic Container Export Services.

The sale ensures continuity of supply for several key Warrnambool businesses that are major employers in Victoria’s southwest.

Wettenhalls receiver, Ferrier Hodgson partner Brendan Richards, said the sale was important for Warrnambool businesses.

“Following the collapse of Wettenhalls last week, the Warrnambool office had been earmarked for closure,” Mr Richards said. “But by working with key customers and stakeholders we were able to organise the orderly transfer of assets and business to the new owner, Westvic Container Export Services. The sale ensures the future of supply and minimises disruption to key industries in Warrnambool.”

The Wettenhalls Group was placed in receivership on Friday January 25, when Mr Richards and Ferrier Hodgson partner George Georges were appointed receivers and managers of the business.

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