Treasury Wine (TWE) DAOU acquisition announcement

Remixing its US wine business

Published: 03 November 2023

Treasury Wines has announced the acquisition of DAOU Vineyards. This deal highlights a dramatic shift over the past four years by Treasury from a commercial to luxury wine player in the US market. The deal is returns dilutive initially and slightly EPS accretive. The cost synergies look very plausible and additional distribution reach highly likely, making the deal slightly value accretive over three years.

Not already a member?
Join now to get all the latest reports in full and stay informed.

Get started