Update: January 13, 9.30am.
Administrators overseeing the situation at McWilliam's Wines have met with growers and partners to say that they will continue to receive grape product for the foreseable future.
Bruno Brombal, chairman of the Winegrape Growers Marketing Board spoke to The Daily Advertiser this morning saying the decision marked some good news amongst the uncertainty.
But, he said, he will be keen to know how long the operation will continue. Hoping for its longevity, he said "I won't be keen to stick around if it's only going to be for one year".
Original: January 10.
Uncertainty continues surrounding the future of one of the Riverina's oldest wine producers, since McWilliam's Wines announced its voluntary administration earlier this week.
Bruno Brombal, chairman of the Winegrape Growers Marketing Board has been in conversation with administrators KPMG Australia to ascertain the direction of the centuries-old establishment.
He said little would be known of its future until at least Monday.
"I've had a chat to the administrators and they've said they will need a few days to go through everything," Mr Brombal said.
"At this point we're not sure of the reasons, it just seems there was a concern about the cashflow."
Mr Brombal is confident the demise of the region's long-standing establishment is not emblematic of broader problems within the industry, but said the loss of McWilliam's is bound to create ripple-effects.
"Wineries are booming all over the place, so this is probably an internal problem I'm guessing," he said.
"We don't need any wineries closing in this region, especially now. We've had eight bad years, but since last year exports [of grapes] have picked way up. I just can't believe this is happening during an industry upturn."
Mr Brombal also acknowledged that this year's disastrous fire conditions and ongoing drought dilemmas will result in a much smaller crop of grapes through the region and the nation.
"There has been a lot of damage to vines from the fires and the smoke, grapes a looking small because there's been a lack of rain. So there's opportunities for grape crops that do get up this year," he said.
Until a decision is made on the future of McWilliam's Wines, it will continue to trade in the hopes of securing a seamless acquisition.
"The company will continue to operate as normal and we are working with the McWilliams' family with the support of its employees while we work hard to try to preserve one of Australia's oldest winemakers," KPMG restructuring services partner Gayle Dickerson said.
"We are seeking expressions of interest to recapitalise or acquire the group to take this heritage brand forward in the future both locally and globally."