Treasury Wine Estates acquires Frank Family Vineyards for $315mn

SYDNEY, AUSTRALIA: Treasury Wine Estates Limited (ASX:TWE) has reached an agreement to acquire Frank Family Vineyards (FFV) in the United States at a transaction value of $315 million, a news release noted. Frank Family Vineyards (FFV) is a highly-acclaimed luxury wine business based in the Napa Valley, California, with a long-term track record of delivering…