South African Winery Stellenzicht new ownership
The co-owner of Ernie Els Wines is expanding his Stellenbosch presence, buying the neighboring Stellenzicht winery. Baron Hans von Staff-Reitzenstein, who has been majority shareholder in Ernie Els wines since 2015, has purchased the farm and winery from Lusan Holdings.
According to Els executives, the deal is part of a strategy to secure more of their own fruit. The 550-acre property in the Helderberg region, with 250 acres currently planted, is one of the largest in the region and significantly larger than Ernie Els Wines’ 178 acres. The purchase price was not disclosed, but industry sources say Stellenzicht was listed for $9.84 million.