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News
Treasury boosts NZ holdings
Treasury Wine Estates has bolstered its position in New Zealand after taking full control of Marlborough winery, packaging and warehouse facility, Rapaura Vintners.
Having bought the remaining 50% stake in the operation from Babich Wines, Treasury confirmed a plan to expand the facility next year, increasing its crush capacity from 15,000 tonnes to 25,000 tonnes.
The move will also see the facility renamed Matua Marlborough in line with its Matua Valley wine brand.
Announcing the purchase, Treasury’s chief supply officer, Stuart McNab, observed: “This is a first class facility with a team of experienced staff and a proven track record for producing high quality wines.”
He added that the move would enable Treasury “to build on the profile and history of the Matua brand in New Zealand and around the world.”
Founded in 1974 by Bill and Ross Spence, Matua Valley claims to have been the first wine producer in New Zealand to have planted Sauvignon Blanc.