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Lots of wineries being gobbled up.

96.39.151.217
Posted on April 19, 2016 at 19:36:08
triodesteve
Audiophile

Posts: 803
Location: Walla Walla Washington
Joined: September 4, 2001
 Today it was Patz and Hall, Earlier in the week it was Penner Ash. Recently here in town Seven Hills was sold to a larger company.

Brand seems to be the powerful word these days.

They always say that nothing will change and in some cases you may never notice the changes...larger companies have larger sales teams. A winery like Spring Valley goes from having one person think about domestic sales while he/she isn't making wine to a sales team thats 75 people strong in every corner of North America. Its good to be the king.

Just talking out loud....

 

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Yep..., posted on April 20, 2016 at 08:18:06
mkuller
Audiophile

Posts: 38130
Location: SF Bay Area
Joined: April 22, 2003
 ...branding it is - Prisoner label with no vineyards purchased for $285 million.

Just like Meiomi.

 

Didn't know about Seven Hills, posted on April 20, 2016 at 08:52:21
jimbill
Audiophile

Posts: 3050
Location: Texas
Joined: May 31, 2004
 Are they keeping the same wine making team?

I haven't noticed a drop off in quality with Siduri since the sale.

 

Meanwhile..., posted on April 20, 2016 at 13:00:29
mkuller
Audiophile

Posts: 38130
Location: SF Bay Area
Joined: April 22, 2003
 ...Diageo is selling off their winery acquisitions.

 

RE: Meanwhile..., posted on April 20, 2016 at 13:07:22
triodesteve
Audiophile

Posts: 803
Location: Walla Walla Washington
Joined: September 4, 2001
 I remember when I was at CNN (we were owned by Time Warner at the time) and they announced that AOL woo deb acquiring us. It made no sense to me, but I figured that the folks in suits must know what they are doing.
Not so much.
Who knows why all these companies buy only to turn around and sell. Even established companies seem to only be desirable until stock starts to fluctuate.

Lawyers and in this case, bankers, always win.

 

RE: Didn't know about Seven Hills, posted on April 20, 2016 at 13:08:27
triodesteve
Audiophile

Posts: 803
Location: Walla Walla Washington
Joined: September 4, 2001
 Almost everything will stay the same with Seven Hills. Casey is still in charge of the wine.
He was driving a much nicer car the other day however...and yes I needled him about it!

 

RE: Meanwhile..., posted on April 20, 2016 at 15:44:28
mkuller
Audiophile

Posts: 38130
Location: SF Bay Area
Joined: April 22, 2003
 ...hey, Steve, you could be next :)

 

RE: Meanwhile..., posted on April 20, 2016 at 20:53:39
triodesteve
Audiophile

Posts: 803
Location: Walla Walla Washington
Joined: September 4, 2001
 I'm way too small. I do have a standing offer from a larger winery in town to buy my brand. Wold not be enough to retire on, but maybe some day

 

But wait, there's more..., posted on May 17, 2016 at 20:51:17
mkuller
Audiophile

Posts: 38130
Location: SF Bay Area
Joined: April 22, 2003
 ...from Sunday's SF Chronicle.

 

RE: But wait, there's more..., posted on May 17, 2016 at 21:28:33
triodesteve
Audiophile

Posts: 803
Location: Walla Walla Washington
Joined: September 4, 2001
 Can't read the article w/o a subscription.
It's getting a little crazy isn't it? Maybe I should wave a flag and yell "Hey, Over Here!"

 

Here's a short list..., posted on May 18, 2016 at 08:30:19
mkuller
Audiophile

Posts: 38130
Location: SF Bay Area
Joined: April 22, 2003
 2004

Constellation Brands buys Robert Mondavi Winery

Diageo buys Chalone Wine Group (has since sold to Foley Family Wines)

2005

Scharffen Berger Chocolate sold to Hershey's

2006

The Wine Group purchases Cardinal Zin and Big House brands from Bonny Doon Vineyards

Hilco (parent company of Natural Food Holdings LLC) becomes chief investor in Niman Ranch

Laura Chenel's Chèvre sold to French cheese corporation Rians Group

2007

Ste. Michelle Wine Estates buys Stag's Leap Wine Cellars

2010

Arcata's Cypress Grove sold to Emmi

2011

Niman Ranch and Natural Food Holdings sold to LNK Partners, another private-equity group

2013

La Boulange Cafe & Bakery sold to Starbucks

2014

WhiteWave Foods buys Earthbound Farm

General Mills buys Annie's Homegrown

2015

Kosta Browne sells majority share to investment group J.W. Childs Associates

Jackson Family Wines buys Siduri

Chanel purchases St. Supéry

Lagunitas Brewing Co. sells 50 percent stake to Heineken

Niman Ranch and Natural Food Holdings sold to Perdue

Hershey's buys Krave Jerky

Redwood Hill Farm & Creamery sold to Emmi

Ste. Michelle Wine Estates buys Patz & Hall

2016

The Prisoner Wine Co. purchased by Constellation Brands

Copain Wines sold to Jackson Valley Wines

Cowgirl Creamery sold to Emmi

Source: SF Chronicle research

 

RE: Here's a short list..., posted on May 31, 2016 at 15:46:45
6bq5
Audiophile

Posts: 4387
Location: SF Bay
Joined: August 16, 2001
 The Copain sale has triggered a lot of noise among the smaller producers-
In addition - as with what happened at Siduri (2015) the Winemaker can NO LONGER have "custom" clients - that is the winemaker can no longer work for multiple wineries-
They may keep a personal (their own name) project on the side- but no to having a winemaker work for multiple wineries....

Ironically while I do decry many of these sales- the Cow Girl Creamery sale will probably help the company survive for another 25+ years- which would not have been the case w/o the sale.....
Happy Listening

 

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