Treasury Wine Estates (TWE) has announced regulatory approval and settlement of a premium vineyard in Marlborough, New Zealand.

The acquisition will expand the company’s local footprint from 505 hectares to 750 hectares. TWE said this would increase supply of highly sought-after lighter varietals including Sauvignon Blanc and Pinot Noir, which continue to grow in popularity with consumers around the world.

Located at 4336 State Highway 63, Wairau Valley 7271, grapes from the new acquisition will be used in future vintages for TWE’s New Zealand wine brands, including Matua and Squealing Pig, to increase supply of highly sought-after lighter varietals including Sauvignon Blanc and Pinot Noir. 

TWE Chief Supply and Sustainability Officer Kerrin Petty said: “This expansion of our New Zealand footprint not only aligns with evolving consumer preferences but also reaffirms our commitment to driving innovative and sustainable practices across all our sites and operations.

“From improving operational efficiencies with hybrid autonomous vehicles to driving water stewardship and zero waste to landfill by 2050, we’re making great strides against our ambitions in New Zealand, and I’m pleased that we can continue to do so with this new acquisition while maximising premium wine production potential.”

The Marlborough purchase by TWE is its latest premium vineyard acquisition in the past two years, following its acquisition of the fastest-growing luxury wine brand in the US, DAOU Vineyards, as well as the addition of Beenak vineyard in the Yarra Valley in Victoria, Australia and a French Chateau and vineyards in Bordeaux, France.