Items Tagged with 'winery acquisition'

Treasury Wine Estates Ltd., Melbourne, Australia, has reached an agreement to acquire DAOU Vineyards, the acclaimed luxury wine business 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. 

The Lawrence Family, owners of Napa Valley's Heitz Cellar and Managing Partner and Master Sommelier Carlton McCoy Jr., announced the acquisition of Château Lascombes. This marks Lawrence Wine Estates’ first acquisition in Europe joining a portfolio, which includes Burgess, Heitz Cellar, Ink Grade and Stony Hill Vineyard.

Delicato Family Wines, Napa, Calif., and Francis Ford Coppola Winery announced that they will come together under one roof, strengthening the families' legacies. Under the terms of the agreement, the Francis Ford Coppola wine portfolio and two facilities anchored in Sonoma County, the Francis Ford Coppola Winery and the Virginia Dare Winery located in Geyserville, including the Archimedes Vineyard, will join Delicato.

E. & J. Gallo Winery (Gallo), Modesto, Calif., has completed the acquisition of more than 30 wine brands from Constellation Brands Inc., Victor, N.Y. 

O'Neill Vintners & Distillers, Paso Robles, Calif., announced the acquisition of Rabble Wines, also in Paso Robles, Calif. Founded by longtime Paso Robles vineyard manager Rob Murray in 2010, Rabble Wines produces premium, Paso Robles AVA wines with disruptive labels born from wines' struggle with Mother Nature, it says. The acquisition signals another investment by O'Neill Vintners & Distillers in the burgeoning market for younger wine drinkers.

Vintage Wine Estates, Santa Rosa, Calif., has appointed Jeff Nicholson to the new role of chief operating officer. Most recently, Nicholson was an operating partner at AGR Partners. AGR Partners is an investment firm dedicated to food and agribusiness who acquired a minority equity stake in Vintage Wine Estates in April 2018. Nicholson will continue to be on the Advisory Board for AGR Partners.