June 15th, 2001 Grapevine Beringer Blass Wine Estates has acquired a controlling interest in New Zealand's highly regarded Matua Valley Wines. The Australia-based wine giant paid $4.5 million for a 51 percent share of the 135,000-case winery, which sells wines under the Matua Valley, Ararimu and Shingle Peak labels.
For the full article, check out the new issue of Wine Spectator, on newsstands June 15, 2001.
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