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Treasury Wine Estates Ltd Acquires Frank Family Vineyards - M&A Call Transcript
Thank you all for standing by, and welcome to the Treasury Wine Estates announcement call. (Operator Instructions)
I'd now like to hand the conference over to your first speaker, Mr. Tom (sic) [Tim] Ford, CEO. Thank you. Please go ahead.
Thank you, operator. Nice to speak to everyone this morning. Good morning, and thanks for joining us. I'm pleased that we'll also have on the call today, Ben Dollard, in California, our President of Treasury Americas; and Matt Young, our CFO.
So this morning, I'm delighted to announce that we have reached an agreement to acquire Frank Family Vineyards, which is a highly acclaimed luxury wine business based in the United States. We certainly believe Frank Family Vineyards is an outstanding addition to the Treasury Americas luxury portfolio and is another important step towards our ambition of becoming the market leader in premium wines in the Americas. The acquisition of Frank Family Vineyards is strategically compelling. It is clearly
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