Yellow Tail owner Casella’s profit up after acquisition spree

The Griffith-based winemaker Casella Family Brands, owner of success story Yellow Tail with its distinctive image of a yellow kangaroo on the bottle, has boosted its full-year profit by nearly 10 per cent to $41 million following an acquisition spree that included Barossa’s Peter Lehmann Wines. The family-owned Casella bought out Peter Lehmann for $57m in late 2014 as it sought to ratchet up its exposure to the premium end of the wine market to complement its stranglehold on the commercial space, which is dominated by its Yellow Tail brand.