The 'world-class' producer of single-vineyard Chardonnay and Pinot Noir joins Yangarra Estate Vineyard and Hickinbotham Clarendon Vineyard in the portfolio
Giant Steps, established in 1997 by Phil Sexton (founder and GM), is regarded as one of the most progressive wineries in Australia, with thanks also to chief winemaker Steve Flamsteed who joined in 2003.
'This is a remarkable new chapter for Giant Steps,' said Sexton of the acquisition. 'The Jackson family has demonstrated an invaluable commitment to the Australian wine community over the last two decades, and we feel confident in our shared vision for the winery’s future. The recognition of the diversity of the Yarra Valley, and the development of "great dirt as vineyards" is what brought the Jackson family and Giant Steps initially together and will continue to be our key goal.'
'Our family is excited to be a part of the Yarra Valley community and to help build upon the incredible legacy of Phil Sexton and Steve Flamsteed,' says Christopher Jackson, second-generation proprietor of Jackson Family Wines. 'Our discussion with Phil started before the Covid-19 pandemic. While the global wine market has changed dramatically, it has not dampened our family’s enthusiasm towards Giant Steps.'
The acquisition includes Giant Steps' Sexton and Applejack monopoly vineyards (75ha). Giant Steps will still source fruit from Tarraford, Wombat Creek, Primavera and Gruyere Farm vineyards, and both Sexton and Flamsteed will continue their roles.
'Our company was founded with the foresight of Jess Jackson and the belief that investment in the future is essential,' commented Rick Tigner, CEO of Jackson Family Wines. 'This acquisition reflects our commitment not only to Australia’s exceptional vineyards and wines, but to the global wine industry and the people who share in a long-term vision for the future.'