Printer Friendly

Vintage Wine Trust (VWT) has completed the acquisitions of two California vineyards.

Vintage Wine Trust (VWT) has completed the acquisitions of two California vineyards. The two estates, Iron Corral in Napa Valley and Gravelly Ford in the Central Valley of California, cost the trust approximately $16.5 million. The Iron Corral vineyard, located in Pope Valley, which is part of the Napa Valley appellation, was acquired from, and leased back to, Foster's Wine Estates--Americas. The vineyard, which was acquired for around $9.5 million, totals approximately 192 acres, 142 of which are currently planted. The principal varietals grown at Iron Corral are Cabernet Sauvignon, Merlot and Syrah. The Gravelly Ford vineyard, in Central Valley, was acquired from one of the nation's largest privately owned wineries and leased back to an established Central Valley independent grape grower. The vineyard, which was acquired for about $7 million, totals approximately 769 acres, all of which are planted. The principal varietals grown at Gravelly Ford are French Colombard, Zinfandel and Ruby Cabernet.
COPYRIGHT 2005 Informa Economics, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Food & Drink Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 11, 2005
Words:156
Previous Article:European Union antitrust regulators gave a conditional green light to Pernod Ricard S.A.'s $14.2 billion takeover of larger British rival Allied...
Next Article:Mars Incorporated.
Topics:


Related Articles
Vintage Wine Trust Inc. (VWT) has completed the acquisition of three vineyard assets for approximately $73 million.
Vintage Wine Trust (VWT).
New wine releases.
Red hot: Oregon wines--led by Pinot Noir--gain national attention as winemakers coax more consistent wines from temperamental regions.
Walla Walla wine gives nod to metalcasting.
"They taste like grapes and earth".
Mondavi's modern model: the family that operates Charles Krug Winery champions organic farming and considers Colorado a critical market.
Winery pours everything it's got into chardonnay.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters