1 Nov 2012

Marlborough winery sold to Australian company

8:54 pm on 1 November 2012

Another winery in Marlborough has been sold to overseas interests.

Australian-based Treasury Wine Estates has taken full control of Raupara Vintners Ltd after buying the 50% it did not own from Babich Wines.

The winery, to be called Matua Marlborough, will be expanded from its current capacity of 15,000 tonnes of grapes to 25,000 tonnes.

Treasury Wines New Zealand director Sam Glaetzer says the investment strengthens the company's foothold in Marlborough and signals its confidence in the quality of wine produced in New Zealand.