Andrew Peller to acquire Gray Monk Estate Winery

Ontario-based wine producer Andrew Peller Ltd. is acquiring three more wineries in BC - including Gray Monk Estate Winery in Lake Country.

The company says it's signed agreements to acquire Gray Monk, north of Kelowna, and Black Hills Estate Winery near Oliver - and a letter of intent to acquire Tinhorn Creek Vineyards also near Oliver for a combined price of $95-million dollars.

It says it expects to close all of the deals by the end of October.

Andrew Peller already owns wineries in BC including Sandhill, Red Rooster and Calona Vineyards.