Treasury Wine Estates Ltd (TWE) announced it reached an agreement to acquire the highly acclaimed Frank Family Vineyards (FFV), including the historic winery, brand and vineyard holdings, which was set to close in December 2021. The FFV portfolio is complementary to Treasury Americas, filling a key portfolio opportunity for luxury chardonnay, a statement said. The acquisition includes the Frank Family Tasting Room located in Calistoga, the Benjamin Vineyard in Rutherford, the S&J Vineyard in Capell Valley, and a portfolio of award-winning luxury wines across three collections crafted by Frank Family Winemaker and General Manager, Todd Graff, who will remain with Frank Family Vineyards. Rich and Leslie Frank will maintain the ownership of Winston Hill Vineyard in Rutherford and the Lewis Vineyard in Napa, Carneros. Both vineyards will continue to source grapes for the Frank Family reserve tier after the sales agreement. Treasury Wine Estates (TWE) is the world’s largest premium wine company, listed on the Australian Securities Exchange. In the Americas, TWE brands include Penfolds, 19 Crimes, Beaulieu Vineyard (BV), Beringer, Beringer Bros, Etude, Sterling Vintners Collection, Stags’ Leap, Matua and St. Hubert’s The Stag.