Takeover at the Cape

DGB acquires majority stake in Backsberg.

From left: Simon Back, Michael Back, Tim Hutchinson
From left: Simon Back, Michael Back, Tim Hutchinson

One of South Africa's largest wine companies, DGB (Douglas Green Bellingham), has acquired a majority stake in Paarl-based winery Backsberg. "We have great respect for the heritage of the Backsberg family, which has had such a profound impact on the South African wine industry," says Tim Hutchinson, executive chairman of DGB, commenting on the acquisition.

Backsberg's cellar equipment will be moved to Franschhoek in the immediate vicinity of Franschhoek Cellars, which is also part of DGB's portfolio. Backsberg's wine production will operate under the newly founded company Backsberg Family Wines. With the takeover, DGB wants to complement its portfolio in the premium sector, which consists of further brands such as Boschendal.

The Back family, which has been behind Backsberg for a century, will continue to be involved in the brand. However, Michael Back is retiring as estate director. He will be replaced by Simon Back who will work with DGB "to build on my family's work and take the Backsberg brand to new heights." Backsberg has made a name for itself in particular through its commitment to sustainability and environmental protection in viticulture. sw
 

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