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Beringer Blass Matua?

In a deal which must have put pressure on its petty cash for at least the duration of a morning-tea, Beringer Blass forked out A$9.3 million for 51% of medium-sized (by NZ standards) Kiwi producer Matua Valley, whose brands include Matua, Ararimu and Shingle Peak. The smart money predicts that Matua Valley, which sold 135,000 cases last financial year, is about to pump out a significant amount of pinot noir for the US.

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