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Treasury Wine Estates

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Treasury Wine Estates is an Australian-based global winemaking and distribution business. It is headquartered in Southbank, Melbourne, Victoria, and until a demerger in May 2011, was the wine division of international brewing company Fosters Group. Treasury Wine Estates traces its roots back to the establishment of several New World wineries in the 19th century. These include Lindemans and Penfolds in Australia, and Beringer Vineyards in the United States. Fosters began to build its wine division from 1995 onwards. Through acquisition, it built the division into one of the worlds largest winemakers. By 2005, Beringer Blass was the seventh largest producer of wine in the United States. The same year, Fosters acquired the Australian wine-making group Southcorp, adding famous brands including Lindemans, Penfolds and Rosemount, and around A$1 billion to revenues.[citation needed]

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