Shellproof PLC, a UK-based firm involved in the production, sales and distribution of English sparkling wines, has signed a deal to acquire Gusbourne Estate for an undisclosed amount.
The purchase will include Gusbourne's assets, including its freehold property in Kent.
Following acquisition, Shellproof will be rebranded to Gusbourne and the business will then be listed on the London Stock Exchange's Alternative Investment Market (AIM) market.
Under the deal, Shellproof will plant around 100 acres of vines in the next two years and also construct a new winery and visitor center.
Gusbourne produces over 500,000 bottles of wine in full production capacity. Some of its wines include Brut Reserve 2008, Blanc de Blancs 2008, Guinevere 2011, and others. They can be found in major wine merchants, luxury London department stores, specialist retailers and restaurants.
Gusbourne Estate owner and founder Andrew Weeber, who will become non-executive chairman of the Gusbourne, said their recent successes demonstrate the huge potential of the Gusbourne brand and he is 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," Weeber added.
Both the acquisition and entry into AIM is expected to complete on 27 September 2013.
The purchase will include Gusbourne's assets, including its freehold property in Kent.
Following acquisition, Shellproof will be rebranded to Gusbourne and the business will then be listed on the London Stock Exchange's Alternative Investment Market (AIM) market.
Under the deal, Shellproof will plant around 100 acres of vines in the next two years and also construct a new winery and visitor center.
Gusbourne produces over 500,000 bottles of wine in full production capacity. Some of its wines include Brut Reserve 2008, Blanc de Blancs 2008, Guinevere 2011, and others. They can be found in major wine merchants, luxury London department stores, specialist retailers and restaurants.
Gusbourne Estate owner and founder Andrew Weeber, who will become non-executive chairman of the Gusbourne, said their recent successes demonstrate the huge potential of the Gusbourne brand and he is 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," Weeber added.
Both the acquisition and entry into AIM is expected to complete on 27 September 2013.
