There’s been a lot of chatter in various blogs and other media that Casella Family Brands, producers of [yellow tail] is up for sale. Our usual practice is to ask a company to confirm such reports.
“Casella Family Brands would like to advise it has not commenced a sale process for the business,” the company said in a statement.
“There has been strong interest in the sector, driven by the recent sale of Accolade Wines and the rumored sale of the Pernod Ricard Wine assets, and Casella Family Brands has received a number of approaches over an extended period of time from a range of investors in relation to the Casella Family Brands business.
“The company will continue to invest in the growth of its portfolio of brands including [yellow tail], Peter Lehmann Wines, Brand’s Laira, Morris Wines of Rutherglen and Baileys of Glenrowan,” Casella said in a statement.
That doesn’t sound like the company is looking to sell.