Treasury Wine Estates Ltd (TWE) announced today that it has acquired a substantial Marlborough vineyard to expand its landholdings in the region from 505 hectares to 750 hectares. This will increase the growth of Sauvignon Blanc and Pinot Noir, particularly for exports markets with a strong focus on the United States.
“The acquisition of the new vineyard, which includes its own water reservoir, is an important step in expanding our premium wine portfolio," says Treasury Wine Estates chief supply and sustainability officer, Kerrin Petty.
Grapes from the new vineyard will be used to produce brands such as Matua and Squealing Pig.
"Consumers love our New Zealand wines - particularly in the United States where Matua is known as one of their 'hot brands'. We want to keep making the wines that consumers love and with lighter varietals continuing to trend, this additional vineyard will ensure we can keep up with consumer demand now and in the future," says Petty.
The purchase is the latest premium vineyard acquisition for TWE in the past two years, following its acquisition of DAOU Vineyards in the United States, Beenak vineyard in the Yarra Valley in Victoria, Australia and a vineyard in Bordeaux, France.
This year, Treasury Wine Estates also celebrates 50 years since Matua created the first commercial Sauvignon Blanc in New Zealand.