Treasury Wine Estates acquires DAU Vineyards for $1 billion'.

The Treasury Wine Estates (TWE) has acquired DAOU Winery for $1 billion. DAOU Winery was founded in 2007 by brothers Georges and Daniel Dow in Paso Robles.

According to Jenny Heinzen of Vineyard Professional Real Estate, the amount spent by Treasury Wine Estates to acquire DAOU is more than the amount spent by E.&J.

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According to a press release from Treasury Wine Estates, DAOU is the fastest growing luxury wine brand in the United States. The acquisition will strengthen Treasury America's position as the leading and iconic luxury wine brand in the United States, expand its presence in both the wholesale and retail markets, and leverage the strengths of its prestigious brand to''distributed.

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