Robert Hill-Smith and his family have taken full ownership of Hill-Smith Family Estates, purchasing Sam Hill-Smith’s share of the company.
Informal discussions between brothers Robert and Sam had been taking place for some time before an agreement was reached between them last month.
Hill-Smith Family Estates is Australia’s oldest family-owned winery, established in 1849. With more than 176 years of winemaking heritage spanning six generations, Hill-Smith Family Estates is home to wine brands including Yalumba, Y Series and Pewsey Vale Vineyard in the Barossa Valley, Jansz Tasmania and Dalrymple Vineyards in Tasmania, and Nautilus Estate in Marlborough.
“This purchase reflects our belief in our foundation assets built through six generations since 1849 and the long-term health for the world of fine wine as part of a sociable global lifestyle and culture,” Robert Hill-Smith told Australia’s Wine Business Magazine.
“The wine community is in a world of pain and those challenges pervade the global wine media on an almost daily basis.
“In any case, I hope this news points to our cautious optimism for the future of wine in society and our commitment to ensuring we are a sustainable participant in the industry for generations to come.
“We have great assets not the least of which is our people.
“We have a very clear vision and aspirations for our vineyard estates, winemaking, brand equity folio and national distribution brands and this has encouraged us to take the dive into full ownership of Yalumba and HSFE.
“We have been here a long time, and I am sure future generations of our family will ensure we are for a lot longer. We love what we do!”
Pictured main: Robert Hill-Smith with daughters Jessica and Lucy.