The winery was founded in 1868 by Basque brothers Santiago and Narciso Goyenechea who built the winery towards 1905 and plated the first vineyards in Villa Atuel, San Rafael. It was in 1965 when the fourth generation, by now completely Argentine steered the company towards exclusively fine, bottled wine.
The winery developed the Aberdeen Angus brand name for the breeders association of such cattle. They also started exports to the United States and Paraguay, and later to other American and European countries.
In 1993, the winery founded the first DOC (Consejo de Denominación de Origen) Council of Argentina (San Rafael), and, was the first Argentine winery to export a D.O.C wine, a 1993 Chardonnay. A year later, the relationship with the Aberdeen Angus Association was terminated, and the company started the Goyenechea brand exclusively, both in Argentina and abroad.
It becomes a Sociedad Anónima (Stock Company) in 1998 with the arrival of the fifth generation. It is one of oldest independent family wineries in Argentina.