Foley Family Wines purchases The Four Graces winery
Acquisition includes tasting room and two vineyards
Foley Family Wines, Healdsburg, Calif., purchased The Four Graces winery, which produces Pinot Noir, Pinot Gris and Pinot Blanc wines in Dundee, Ore.
"I've had my eye on Oregon for a long time,” said Foley Family Wines founder and vintner William P. Foley II, in a statement. “I'm a big fan of Pinot Noir, and the Dundee, Ore., region produces some of the best. The Four Graces' incredible estate-grown wines are an exciting addition to the Foley family of wines."
In addition to The Four Graces business, Foley Family Wines acquired the brand’s tasting room and two vineyards. The Black Family Estate vineyard, located in the Dundee Hills American Viticultural Area (AVA), encompasses 54 acres of planted vineyard; and the Doe Ridge Estate vineyard, located in the Yamhill-Carlton AVA, boasts 41 acres of vineyard.
Having acquired multiple wineries over the years, Foley Family Wines has built a portfolio of more than 15 high-profile wine estates in the United States and New Zealand. This most recent purchase represents the company’s first acquisition in Oregon.
The Four Graces was founded by Paula Marie Black and Steven L. Black and established by the Black family in 2003 with the purchase of the Black Family Estate in Dundee. The winery was named after the founders' four daughters.
International Wine Associates of Healdsburg, Calif., served as the exclusive advisers and represented The Four Graces in this transaction. The terms of sale were not released.