Gusbourne Estate to join London Stock Exchange3rd September, 2013 by Rupert Millar
English winery Gusbourne Estate is to join the AIM market of the London Stock Exchange after being acquired by Shellproof.
The re-admission to the exchange is expected to be complete by 27 September, Shellproof will change its name to Gusbourne Estate and the founder of the winery Andrew Weeber is expected to continue as chairman.
The recent takeover by Shellproof is also hoped to be a stepping stone to planting of a further 100 acres of vines and building a new winery and visitor centre.
Weeber commented: “Our recent successes demonstrate the huge potential of the Gusbourne brand and I am very excited to be embarking on a new phase of business development and expansion.
“I look forward to working with an experienced and dynamic management team. I believe the prospects for the Gusbourne product range in the context of the growing market for English sparkling and still wines are excellent.”
The new executive team will include CEO Ben Walgate, winemaker Charlie Holland and Jon Pollard as vineyard manager.
Walgate added: “I am delighted to lead such a talented executive team as we expand and grow the Gusbourne brand. I am also very much looking forward to working closely with our chairman, Andrew Weeber who has achieved great success with the business over the past 10 years.
“We see great opportunities for a brand of such premium quality. We will retain and continue the best practices that have been instilled from the very beginning at Gusbourne.”