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Treasury Wine Estates Limited (ASX:TWE) will expand its foot print in New Zealand’s Marlborough region.
The Fosters Group’s wine spin-off will purchase the remaining 50 per cent stake of integrated wine company Rapaura Vintners for an undisclosed amount.
Treasury Wine says the acquisition will see additional facilities increase its crush capacity from 15,000 to 25,000 tonnes in fiscal 2013.
In the 2012 financial year, Treasury Wine Estates generated a net profit of $89.7 million.
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