Yinmore Wines to acquire Knappstein from Accolade.

Yinmore Wines agreed to acquire Knappstein, an Australian winery, from Accolade, a producer and distributor of wines. Financial terms were not disclosed. Under the terms of the agreement, Yinmore Wines will acquire the winery, five associated vineyards and the Knappstein label. Accolade will continue to distribute the Knappstein range of wines until the new owners have determined their sales and marketing strategy. “The sale follows Accolade’s review of its global operational footprint, undertaken to ensure the company is ideally positioned to meet the needs of customers, to adapt to changing market conditions and to take advantage of available opportunities,” Accolade.