Foley Adds to NZ Portfolio

Consistent Pinot Noir producer Te Kairanga changes hands.

Wine Enthusiast’s 2010 Person of the Year, Bill Foley, has acquired Te Kairanga, a Martinborough winery primarily known for its Pinot Noir. TK, as it is sometimes referred to, is the largest holder of vineyard land in the Martinborough region, with close to 250 acres owned or leased. In a region known for its vintage variability, Te Kairanga has been a relatively consistent source of Pinot Noir, with five wines rated 90 points or higher over the past 10 vintages.

The purchase provides a counterweight to Foley’s other New Zealand wineries. Vavasour and Clifford Bay, both located in Marlborough, are best known for their Sauvignon Blancs. “TK’s extraordinary Pinot Noirs will be a great addition to our New Zealand portfolio plus the historic Martinborough location will allow our customers to take advantage of our nearby luxury resort, Wharekauhau,” explained Foley in a press release announcing the acquisition.

Published on May 4, 2011



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