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Wine company Indevin snaps up Winegrowers of Ara vineyards in Marlborough
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One of New Zealand's richest families has sold its entire vineyard holding in Marlborough. The Todd family, who have an estimated worth of $3.16 billion, have sold vineyards associated with its company Winegrowers of Ara to Marlborough-based wine company Indevin. On Thursday, the companies confirmed they had signed an unconditional agreement. The vineyard, which is located in the Waihopai Valley, includes 600 hectares of vines and about 900 hectares of bare land suitable for further plantings.