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TREASURY WINE ESTATES LIMITED — Capital/Financing Update 2012
Oct 31, 2012
65969_rns_2012-10-31_7ea36c4b-f406-4455-a843-5117e25352fd.pdf
Capital/Financing Update
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1 November 2012
TREASURY WINE ESTATES EXPANDS ITS PRESENCE IN NEW ZEALAND’S MARLBOROUGH REGION
Treasury Wine Estates (TWE) announced today the purchase of the remaining 50% of Rapaura Vintners Limited from Babich Wines Limited. Rapaura Vintners Limited is an integrated winery, packaging and warehouse facility located in the heartland of the New Zealand wine industry in Wairau Valley, Marlborough.
TWE now has full control over the state of the art facility, to be known as ‘Matua Marlborough’, and plans to expand the facility to increase the crush capacity from 15,000 tonnes to 25,000 tonnes in fiscal 2013.
Stuart McNab, TWE’s Chief Supply Officer, is pleased to have secured this key investment for the business.
“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,” said Stuart.
Sam Glaetzer, TWE’s New Zealand Director Wine Production and Brands, commented: “This investment strengthens our foothold in Marlborough, one of New Zealand’s premier wine regions, and signals the confidence we have in our brands, both in New Zealand and on the world stage.”
Securing the Matua Marlborough facility delivers an uplift in wine production capacity and provides further expansion and growth opportunity for TWE.
Matua produces a wide range of distinctive, and award winning wines, including New Zealand’s first Sauvignon Blanc.
Further information:
Media Sue Rana +61 427 849 933
Investors
Peter Kopanidis +61 3 8533 3609
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