Pask Winery has been bought by a Wellington company that also owns Jackson Estate in Marlborough and plans to merge the two businesses.
The Benton Family Wine Group is owned by John Benton, the managing director of the Jarden Corporation which was established in the 1970s and developed into New Zealand's largest share broking and investment banking organisation at the time. He has been a director of companies in finance, property, insurance broking, mining and meat processing.
He will chair both winery businesses and Jeff Hart has been appointed managing director of both.
Mr Hart said Pask would undergo a restructure similar to Jackson after it was acquired in 2013, which lead to increased distribution and sales.
"Following the successful restructuring of Jackson Estate we can now turn our attention to revitalising the Pask brand and fully utilising the considerable Pask assets," he said.