date:Nov 01, 2012
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