Australia: Treasury Wine Estates opens $9.8 million ‘low and no’ winemaking facility
Treasury Wine Estates (TWE), the Australian wine giant, has announced that it has opened a new A$15 million ($9.8 million) facility in South Australia’s Barossa Valley to produce low- and no-alcohol wines. This new site combines dealcoholisation technology with patent-pending innovations designed to treat the wine’s aroma components. The facility will produce low- and no-alcohol wines […]
Australia: Treasury Wine Estates to offload commercial portfolio
Treasury Wine Estates (TWE), the Australian wine giant, has announced plans to divest its commercial brand portfolio, including Wolf Blass, Lindeman’s, Yellowglen and Blossom Hill. The decision is part of TWE’s ongoing restructure prioritising the Premium Brands Division, which features wines priced between A$10 ($6.60) and A$30 ($19.80). In a statement, TWE said: “Following the […]
USA: Treasury Wine Estates to acquire DAOU Vineyards for $900 million
Treasury Wine Estates (TWE), the Australian wine giant, has reached an agreement to acquire DAOU Vineyards, a US luxury wine brand, for $900 million. The acquisition includes the DAOU brand, DAOU Mountain Estate, four boutique luxury wineries and around 400 acres of vineyards. Commenting on the acquisition, Treasury Americas president Ben Dollard said: “We’re really […]
USA: Treasury Wine Estates to acquire Frank Family Vineyards for $315 million
Australian global winemaking and distribution business Treasury Wine Estates has reached an agreement to acquire wine business Frank Family Vineyards for $315 million. Founded in 1992 by Rick Frank, the Frank Family Vineyards has a portfolio of sparkling award-winning luxury hand-crafted wines complementary to Treasury Wine Estates offering. The acquisition includes the Frank Family Tasting […]