The origins of the Australian and now one of the world's largest wine multinationals lie in the founding of several historically significant wineries. These were above all Lindeman's 1843 and Penfolds 1844 in Australia, and Beringer 1876 in the Californian Napa Valley (see there). For more recent times the German-born oenologist Wolfgang Blass (*1934) must also be mentioned. In 1961 he emigrated to the Australian Barossa Valley and in 1966 he started the Wolf Blass Winery independently. He subsequently built up an empire. In 1986 he acquired 50% of the Australian Bottling Company including the sparkling wine production. Through union with the Mildara Group in the Coonawarra area, the company Mildara Pale with over a dozen Australian wineries or cellars.
In 1996 this company was taken over by the Australian brewing giant Foster's, which in 2000 also acquired the Californian group Beringer Vineyards bought. This meant that many Californian wineries were now added. This resulted in 2001 in the Beringer Blass Wine Estates group, which was renamed Foster's Wine Estates in 2005 when the multinational Southcorp was bought. After poor business results, Foster's CEO Trevor O'Hoy resigned in 2008. In 2010 the shareholders decided to separate the beer and wine business. The separation of the wine division was realised with the formation of the independent, listed company Treasury Wine Estates in May 2011. Tim Ford has been CEO since 2019, with head offices in Southbank-Melbourne/Victoria (Australia) and Napa/California (USA). The company manages over 13,000 hectares of vineyards worldwide, of which 35 million cases of wine are produced annually
Treasury Wine Estates manages 70 brands (wineries, cellars, etc.) worldwide. The company philosophy guarantees the individuality of each operation. These are in Australia Abel's Tempest, Angel Cove, Annie's Lane, Baileys of Glenrowan, Coldstream Hills, Devil's Lair, Fifth Leg, Great Western, Heemskerk, Ingoldby, Jamiesons Run, Killawarra, Leo Buring, Lindeman's, Maglieri, Metala, Mildara, Penfolds, Pepperjack, Robertson's Well, Rosemount Estate, Rothbury Estate, Rouge Homme, Saltram, Seaview, Secret Stone, Seppelt, Squealing Pig, St Huberts, T'Gallant, Tollana, Valley of the Giants, Wolf Blass, Wynns Coonawarra Estate, Yarra Ridge and Yellowglen; in New Zealand Matua Valley; in California Beringer Vineyards, Cellar No. 8, Château St. Jean, Emma Pearl, Etude, Greg Norman Estates, Meridian, Santa Barbara Collection, Sbragia Family Vineyards, Sledgehammer, Souverain, Stags' Leap Winery and St. Clement; in Argentina Colores del Sol and Tierra Secreta; and in Europe Castello di Gabbiano (Tuscany) and Maison de Grand Esprit (Burgundy). T.W.E. is one of the largest wine companies in the world.