TWE to Acquire Unnamed Winery and Land in New Zealand

With the planned acquisition of a winery in Marlborough, the corporation's vineyard area in New Zealand would increase to 750 hectares.

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TWE targets vineyard areas in New Zealand.
TWE targets vineyard areas in New Zealand.

As announced by the Australian wine giant Treasury Wine Estates (TWE), the company plans to acquire a new "premium winery in Marlborough" in the first quarter of 2024. The acquisition is pending approval from the relevant authorities. This would expand TWE's winery area in New Zealand from 505 to 750 hectares (about 1850 acres). In response to an inquiry from the German trade magazine Weinwirtschaft, TWE mentioned that they cannot yet reveal the name of the winery to be purchased or the amount of the investment, stating that this information will be provided after the completion of the acquisition.

The grapes from the new vineyards are intended for use in TWE’s "Matua" and "Squealing Pig" brand wines. "The acquisition of the new vineyard, which includes its own water reservoir, is a significant step in expanding our premium wine portfolio and ensures that we are always one step ahead in meeting changing consumer preferences," said Kerrin Petty, Chief Supply and Sustainability Officer at TWE. The company also recently disclosed its purchase of the Californian Daou vineyard for 900 million dollars.


TWE spending $1 billion for Daou is a sign of the future, says Jeff Siegel. But there are likely to be more properties for sale than there are buyers. 

Reading time: 4m 30s



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