Treasury Wine Estates (TWE), an Australian-based winemaking and distribution business, has purchased the remaining 50% stake in Marlborough-based Rapaura Vintners from Babich Wines.
With the purchase, TWE now completely owns the winery, packaging and warehouse facility of Rapaura Vintners. TWE further plans to expand the Rapaura winery and increase its grape crushing capacity from 15,000 to 25,000 tons in 2013 and give it a new name 'Matua Marlborough.'
The purchase will also provide expansion and growth opportunity for TWE as it will uplift its wine production capacity.
TWE chief supply officer Stuart McNab said this is a first class facility with a team of experienced staff and a proven track record for producing high quality wines.
"We are delighted to now have full ownership of the site which we'll be renaming, Matua Marlborough to build on the profile and history of the Matua brand in New Zealand and around the world," McNab added.
TWE New Zealand wine production and brands director Sam Glaetzer said this investment strengthens their foothold in Marlborough and signals the confidence they have in their brands, both in New Zealand and on the world stage.
