Australia's Treasury Wine Estates snaps up one of Marlborough's biggest wineries

Wed, 31 Oct 2012

Nov. 1 (BusinessDesk) - Australian-based Treasury Wine Estates (TWE) is planning to expand Rapaura Vintners in Marlborough after buying out 50 percent partner Babich Wines. Rapaura Vintners, which makes wines for shareholders Babich and Matua Valley Wines and some of Marlborough's well known labels under contract, will be renamed Matua Marlborough. It is one of Marlborough's largest wineries. TWE, encompassing the wine assets previously owned by Australian brewer Fosters, is buying the 50 percent of Rapaura Vintners it did not own from Babi...

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