Treasury Wine Estates Announces Acquisition Of Fastest Growing Luxury Wine Brand In The United States, Daou Vineyards¹
Acquiring Company
Treasury Wine Estates
Acquired Company
DAOU Vineyards
Melbourne
Paso RoblesManufacturingFood And BeverageReal EstateFood And BeverageDescription
Treasury Wine Estates Ltd (ASX:TWE), one of the world's leading wine companies, today announced that it has reached an agreement to acquire DAOU Vineyards, the acclaimed luxury wine business founded by brothers and co-proprietors Georges and Daniel Daou for an upfront consideration of $900 million, plus an additional earn-out of up to $100 million. This transformative deal will accelerate TWE's focus on a portfolio that is increasingly luxury-led with a greater presence in key growth markets such as the U.S.
Quick answer
Treasury Wine Estates is acquiring DAOU Vineyards, announced October 30, 2023. Treasury Wine Estates is based in Melbourne, Victoria, Australia.
- How much did Treasury Wine Estates pay for DAOU Vineyards?
- The deal value was not disclosed.
- What does Treasury Wine Estates do?
- Treasury Wine Estates (TWE) is one of the world's leading wine companies, and is listed on the Australian Securities Exchange.
- Where are Treasury Wine Estates and DAOU Vineyards based?
- Treasury Wine Estates is based in Melbourne, Victoria, Australia. DAOU Vineyards is based in Paso Robles, California, United States.
- Who are the decision-makers at Treasury Wine Estates?
- Fundz holds 1 contact at Treasury Wine Estates. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired DAOU Vineyards?
DAOU Vineyards was acquired by Treasury Wine Estates, based in Melbourne. The deal was reported on October 30, 2023. Treasury Wine Estates (TWE) is one of the world's leading wine companies, and is listed on the Australian Securities Exchange. Treasury Wine Estates is privately held and operates in Manufacturing.
When did Treasury Wine Estates acquire DAOU Vineyards?
Treasury Wine Estates's acquisition of DAOU Vineyards was reported on October 30, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does DAOU Vineyards do?
DAOU Vineyards is committed to producing collectible, world-class wines to rival the most respected appellations in the world. It is privately held, operating in Real Estate, and is based in Paso Robles.
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