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Treasury Wine Estates Announces Acquisition of Frank Family Vineyards

18 Nov 2021  |  08:42:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: TWE Announces Acquisition of Frank Family Vineyards

Treasury Wine Estates announced that it has reached an agreement to acquire Frank Family Vineyards (FFV) in the US. The transaction value US$315m, implying an EV / F21 EBITDAS acquisition multiple of 13.2x, favourable to both current TWE and historic luxury wine transaction multiples.

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