SPECIALIST winery Buller Wines has entered voluntary administration.Financial advisers Deloitte were appointed administrators on Thursday.
Buller Wines is a fourth generation, family-owned winery with vineyards in Rutherglen and Swan Hill, and has a reputation for its fortified wines, muscats, durifs and aged shiraz.
Local winemakers have said it's yet another blow for the industry after a tough year.
Deloitte spokesman Simon Rushton said two Deloitte administrators were appointed on Thursday and would make an initial report at a creditors meeting in Melbourne on Friday.
He said more details would come to light after the meeting.
"Until then we cannot comment regarding why they have entered administration,'' Mr Rushton said.
He said it was business as usual at the winery while Deloitte examined Buller Wines' financial position.
Buller Wines would not comment.
The Buller Family has been making wine in Victoria since 1921 and is now run by brothers Andrew and Richard Buller.
Buller Wines employs about 25 people across its two sites and head office in Melbourne.
Its wine is sold within Australia and exported to New Zealand, China, Hong Kong, Canada, Singapore, the US, the UK and Denmark.
This year Union Bank Wines, Prince Hill Wines and Coonawarra Premium Vineyards have also entered voluntary administration.
Century-old South Australian wine equipment supplier JB Macmahon also went into administration.