U.S. wine & spirits importer Palm Bay International and Australian Vintage Ltd., a publicly traded, Australian wine company started by the McGuigan family, announced a partnership to introduce a new line of wines called Tempus Two. It marks Palm Bay’s re-entry into the Australian wine category, which has recently shown signs of growth, particularly at the premium level and above.
Founded in 1997 and backed by four generations of winemaking heritage, Tempus Two comprises two ranges, sourcing fruit from Australia’s premium terroirs, including Hunter Valley, Barossa Valley, Langhorne Creek and Adelaide Hills, to craft wines with both substance and style.
The Varietal Series (SRP: $14.99) includes a Sauvignon Blanc sourced from premium vineyards in cooler climate Adelaide Hills and the eastern ranges of the Barossa Valley, and a Shiraz produced from famed South Australia vineyards such as Langhorne Creek and Adelaide Hills. The Copper Series (SRP: $19.99) includes Copper Wilde Chardonnay, a portion of which undergoes a natural fermentation from Hunter Valley and Adelaide Hills; Copper Shiraz, co-fermented with Viognier to produce a softer style from Langhorne Creek; and the vibrant, flavorful Copper GSM blend from Barossa Valley.
“Although recent trends in premium Australian wine have been mixed, we believe that with the many changes in the make-up of the Australian category, stand out brands can break through in a class with tremendous size and resilience,” Marc D. Taub, president & chief executive of Palm Bay International said of the deal.
Australian Vintage Ltd, which trades on the Australian Stock Exchange, told investors on Wednesday that total volume sales of its three key brands, McGuigan, Tempus Two and Nepenthe up 5 percent to the end of April 2017. The blamed unfavorable exchange rates for the actual dollar sales of the brands being lower by 8 percent.
They maintained their previous forecast for the 2017 net profit after taxes to be about AUS$4.1 million (US$3.08 million).
“Palm Bay has a group of dedicated and experienced executives, sales and marketing professionals who we believe can truly drive the Australian category through our Tempus Two brand,” said Neil McGuigan, head of Australian Vintage Ltd. “We look forward to working together to create something that is truly exciting for the United States consumer.”