Treasury Wine Estates Ltd. (TWE) will acquire DAOU Vineyards, the acclaimed Paso Robles, California, luxury wine brand founded by brothers and co-proprietors Georges and Daniel Daou for an upfront consideration of $900 million, plus an additional earn-out of up to $100 million. TWE called the deal “transformative.” Founded in 2007, DAOU is the fastest-growing luxury wine brand in the U.S. and fills a key portfolio area in the $20-$40 range and one that strengthens TWE’s luxury portfolio in the $40-plus range, the company said. The acquisition includes the DAOU brand, the DAOU Mountain Estate and hospitality site, four boutique luxury wineries and around 400 acres of vineyards in the coveted Adelaida District of Paso Robles.