Robert Mondavi/Errazuriz New Chilean Wine Venture.OAKVILLE, Calif. and SANTIAGO, Chile--(BUSINESS WIRE)--Oct. 25, 1995--Robert Mondavi Winery and Vina Errazuriz announced today the signing of a letter of intent to form a 50/50 joint venture to acquire the assets associated with the Caliterra line of Chilean premium and super premium wines, which currently has worldwide sales in excess of 250,000 cases. In addition to the acquisition of the Caliterra line, the joint venture will produce and market ultra premium Chilean red and white wines under a new proprietary name with the endorsement of both companies. Release of limited quantities of these wines in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe is scheduled for 1998. Michael Mondavi, President of Robert Mondavi Robert Gerald Mondavi born May 18 1913 in Virginia, Minnesota, United States is a leading vineyard operator whose technical improvements and marketing strategies brought Winery stated that "our goal is to broaden distribution of the Caliterra wines particularly in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and to help significantly grow this brand on a worldwide basis. Beginning in 1996 Robert Mondavi will import both the Caliterra and Errazuriz premium and super premium wine brands in the United States." Eduardo Chadwick, President of Vina Errazuriz, stated "our family is looking forward to working with the Robert Mondavi family in developing this project which will help show the world the exciting potential of the finest wines of Chile. We are particularly enthusiastic about the development of an ultra premium Cabernet-based red wine and a Chardonnay-based white wine from Chile's foremost grape growing regions that we believe will rival the world's best." Robert Mondavi expressed his personal pleasure with the new association with one of Chile's preeminent wine families. He stated that "the proposed venture will give both families the opportunity to combine their winemaking, skill and experience to create wines of elegance and superior quality with distinctive style and character that will elevate Chilean wines to be in the company of the world's finest World's Finest may refer to:
Vina Errazuriz is a family-owned winery that has been producing super premium and premium wines in Chile since 1870 and currently has vineyard properties in Aconcagua, Casablanca, Maipo and Curico Valleys. Its wines are market leaders in the United Kingdom and other European markets and have recently received numerous awards for outstanding quality, achieving international recognition as among some of Chile's finest premium varietal wines. Robert Mondavi produces and markets ultra-premium, super-premium and popular premium wines worldwide under the following labels: Robert Mondavi Napa Valley Napa Valley, Calif.: see under Napa. Napa Valley greatest wine-producing region of the United States. [Am. Hist.: NCE, 2990] See : Wine , Robert Mondavi Coastal, Woodbridge by Robert Mondavi, Vichon, Vichon California and Byron. It also produces and markets Opus One Opus One may refer to:
lamb pelt made to resemble seal or beaver. Rothschild. CONTACT: Robert Mondavi Winery, Oakville Clifford S. Adams, 707/226-1395 or Vina Errazuriz, S.A. Eduardo Chadwick, (011)(562)698-4213 |
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