E. & J. Gallo Acquires J Vineyards & Winery
E. & J. Gallo Winery (Gallo) and J Vineyards & Winery announce that Gallo has agreed to purchase the critically-acclaimed sparkling wine producer. Founded in 1986 by Judy Jordan, J Vineyards & Winery is located in Sonoma County's Russian River Valley and produces a wide range of prized sparkling wines, Pinot Noir and Pinot Gris.
According to Roger Nabedian, SVP and general manager of Gallo's Premium Wine Division, "We are very excited to add the J Vineyards & Winery brands to our premium portfolio of wines. The brand's contemporary elegance has a unique position in the marketplace." He adds, "J Vineyards & Winery is well known for their award-winning sparkling wines and we look forward to carrying on the winery's reputation of making elegant, luxurious wines."
The acquisition, which includes the Healdsburg winery and more than 300 acres spread over nine vineyards within the Sonoma Coast and Russian River Valley AVAs, expands Gallo's presence and properties in California's prestigious North Coast wine country. Gallo already owns nine wineries strategically located in wine regions throughout California and Washington.
Demeter Group, a San Francisco-based investment bank for beverage alcohol companies, acted as J Vineyards & Winery's exclusive financial advisor on the transaction. Terms of the deal were not disclosed. The sale is scheduled to close March 27, 2015.
According to Roger Nabedian, SVP and general manager of Gallo's Premium Wine Division, "We are very excited to add the J Vineyards & Winery brands to our premium portfolio of wines. The brand's contemporary elegance has a unique position in the marketplace." He adds, "J Vineyards & Winery is well known for their award-winning sparkling wines and we look forward to carrying on the winery's reputation of making elegant, luxurious wines."
The acquisition, which includes the Healdsburg winery and more than 300 acres spread over nine vineyards within the Sonoma Coast and Russian River Valley AVAs, expands Gallo's presence and properties in California's prestigious North Coast wine country. Gallo already owns nine wineries strategically located in wine regions throughout California and Washington.
Demeter Group, a San Francisco-based investment bank for beverage alcohol companies, acted as J Vineyards & Winery's exclusive financial advisor on the transaction. Terms of the deal were not disclosed. The sale is scheduled to close March 27, 2015.