Ownership
In the 1980s, Tooth & Co. (who were then part of the Adelaide Steamship Group) purchased a number of wineries, including Penfolds. AdSteam sold its wineries to SA Brewing Holdings in 1990, who then amalgamated all of its wine holdings into "The Penfolds Wines Group". In 1994 SA Brewing Holdings split into three companies: brewing into SA Brewing Company, wine in Southcorp Wines, and other activities into Southcorp. Upon its acquisition of Southcorp Wines in May 2005, ownership of the Penfolds brand, along with its museum collection of Penfolds Grange, passed to the Foster's Group.
In May 2011 Penfolds, along with the rest of Foster's wine brands, were spun off into Treasury Wine Estates, a separate company listed on the Australian Securities Exchange.
Read more about this topic: Penfolds Grange
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