Andrew Peller Limited

Andrew Peller Limited

March 24, 2016 09:26 ET

Andrew Peller Limited Mourns Passing of Former CEO and Chairman Emeritus Dr. Joseph Peller

GRIMSBY, ONTARIO--(Marketwired - March 24, 2016) - Andrew Peller Limited (TSX:ADW.A) (TSX:ADW.B) (the "Company") regretfully announces that the Company's former Chief Executive Officer and Honourary Chairman Emeritus, Dr. Joseph A. Peller, passed away peacefully on Friday, March 18, 2016 on his 90th birthday.

Born in Hungary, Dr. Peller immigrated with his parents to Toronto in 1927. In 1948 he graduated from the University of Toronto with a Doctorate of Medicine, eventually moving with his family to Ancaster Ontario where he established a practice in internal medicine and became Chief of Medicine for the Hamilton Civic Hospitals from 1960 to 1965. In 1965 he joined his father in the wine business as President of Andrés Wines Ltd, and under his guidance and leadership the Company grew and prospered to where it is thriving today as Andrew Peller Limited, Canada's largest publicly-held producer and marketer of quality wines. Throughout his life, Dr. Peller was involved in numerous philanthropic initiatives, and served on the Boards of many corporations and social policy organizations.

"Following in the footsteps of his father, Joe Peller was a key architect in the growth and prosperity of Andrew Peller Limited and we continue to have confidence in the Company's management team under the leadership of President and CEO John Peller. Management and the board are committed to ensuring a legacy of sustained growth and see a bright future for the Company." said Randy A. Powell, Chairman of the Board of Directors.

"Joe's deep affection and regard for everyone he worked with reflect the Company's family culture and its many successes. On behalf of everyone at Andrew Peller Limited, we extend our sincere condolences to the Peller family. He will be missed."

About Andrew Peller Limited

Andrew Peller Limited is a leading producer and marketer of quality wines in Canada. With wineries in British Columbia, Ontario, and Nova Scotia, the Company markets wines produced from grapes grown in Ontario's Niagara Peninsula, British Columbia's Okanagan and Similkameen Valleys, and from vineyards around the world. With a focus on serving the needs of all wine consumers, the Company also produces and markets premium personal winemaking products through its wholly-owned subsidiary, Global Vintners Inc., the recognized leader in personal winemaking products. Global Vintners distributes products through over 170 Winexpert authorized retailers and more than 600 independent retailers across Canada, the United States, the United Kingdom, New Zealand, Australia, and China. Global Vintners award-winning premium and ultra-premium winemaking brands include Selection, Vintners Reserve, Island Mist, KenRidge, Cheeky Monkey, Ultimate Estate Reserve, Traditional Vintage, and Cellar Craft. More information about the Company can be found at

Andrew Peller Limited common shares trade on the Toronto Stock Exchange (symbols ADW.A and ADW.B).

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