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Home arrow Articles by Topic arrow LandCo arrow Todd family turn energies towards wine
Todd family turn energies towards wine PDF Print E-mail
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Articles - LandCo
Written by Greg Ninness, Sunday Star Times   
Monday, 16 February 2009

The wealthy Todd family are ramping up plans to become major players in the wine industry as they step up production from their Marlborough vineyard, Winemakers of Ara.

Todd Corporation owns 2600ha of farmland in the western reaches of the Waihopai Valley, of which about 1600ha is prime viticultural land which it has been progressively planting in grapes since 2002, part of a wider strategy of diversifying from its traditional involvement in the energy sector.

Marlborough has about 23,600ha under vines, so, when fully developed, the Ara vineyard could supply 7% of the region's production.

The Todd conglomerate, whose wealth was estimated in last year's Rich List at $2.6 billion, acquired the land as one half of a joint venture with property developer Greg Olliver, but moved to 100% ownership when Olliver's holding company, Landco, collapsed into receivership in July last year.

Winemakers of Ara general manager Damian Martin said Olliver did not have a hands-on role in running the business.

"Greg was very entrepreneurial and was always off doing blue sky projects," Martin said.

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