Treasury Wine Estates Limited
(ASX:TWE) will provide wine production and packaging services to Accolade Wines United States as part of a deal the two companies have struck.
The agreement will see Treasury handle contract packaging at its Napa Bottling Centre and production of Accolade Wines will be undertaken at Treasury's Asti winery.
Treasury says the deal will allow it to grow its US footprint using existing capacity.
TWE chief supply officer Stuart McNab says the agreement will help Treasury win the Americas, which is a key strategic focus for the company in 2014.
Treasury Wine Estates generated a net profit of $42.7 million in fiscal 2013.
