Napa’s Duckhorn Wine Company is establishing itself as a serious participant in California Pinot Noir, by shopping for Sonoma County-based Pinot powerhouse Kosta Browne, a yr after shopping for Central Coast Pinot Noir pioneer Calera.
Non-public fairness agency TSG Consumer Partners has owned Duckhorn for 2 years. Its portfolio consists of Stumptown Coffee Roasters, Pabst Blue Ribbon, Planet Fitness and Vitamin Water.
The Duckhorn manufacturers, well-known for Napa Valley Merlot and Cabernet Sauvignon, embrace Paraduxx, Decoy, Canvasback, Migration and Goldeneye manufacturers. The final two additionally produce California Pinot Noir.
The acquisition value was not disclosed. Duckhorn is the fourth to spend money on Kosta Browne, or KB because it’s usually known as. The model based 20 years in the past by mates Dan Kosta, Michael Browne and Chris Costello. Kosta and Browne met whereas working at Santa Rosa restaurant John Ash and started by making one barrel of Pinot Noir from grapes they may cobble along with tip cash. By the 2003 classic phrase began to unfold and a star was born.
“What Kosta Browne and its crew have achieved over the previous twenty years is outstanding which explains this acquisition was so enticing to us,” Carol Reber, Duckhorn’s senior vice chairman of selling and enterprise growth instructed Wine Fanatic.
A serious stake in Kosta Browne was offered in 2009 to the Vincraft Group for $40 million. Fairness agency JW Childs purchased a majority stake in 2015 for an undisclosed quantity, putting in Scott Becker as president and CEO. He’ll stay, as will present winemaker Nico Cueva. The founders left in 2017.
The vineyard makes about 30,000 circumstances a yr from vineyards throughout California, most working on long-term leases, although it owns the 60-acre Cerise Winery in Anderson Valley.
“As with Calera, this acquisition provides us the chance to buy one of many New World’s most revered wineries,” Reber added. “We consider that we are going to have probably the most spectacular New World Pinot Noir portfolios, whereas additionally including a stellar choice of Kosta Browne Chardonnays to our portfolio.”
She stated, “Our groups are minimize from the identical fabric. We each perceive that making nice wine requires years of information and expertise, steady reinvestment, innovation and meticulous consideration to element. Alternatives like this one don’t come up each day, and fortunately we have been ready to behave on it.”
KB CEO Becker agreed
“The Duckhorn journey in some ways resembles our personal,” Becker instructed Wine Fanatic. “They’ve a rare story that additionally began with a founder’s ardour for producing wine on the highest high quality stage. They’ve invested in vineyards as evidenced by the current acquisition of the fabled Three Palms Winery. This was a pure match, and everybody is happy about our shared future.”
In accordance with Reber, the KB crew will proceed to run its enterprise as they’ve been and Duckhorn will proceed to work with choose wholesalers and accounts that KB has cultivated through the years. Duckhorn additionally plans to take care of the integrity of the extremely profitable buyer allocation checklist for members.
“Our hope down the highway is that KB members will discover our portfolio of wineries,” Reber stated, “and that our Duckhorn portfolio members will discover KB. I think we could have some enthusiastic members on our arms within the coming days.”
Within the meantime, Duckhorn says there aren’t any plans to develop KB past what its crew had already laid out, together with some additions to its Chardonnay lineup. Becker provides that the mailing checklist will proceed to be the heartbeat of KB.
“Our imaginative and prescient stays the identical,” he says. “To provide the best California Pinot Noir and Chardonnay and our ardour for sharing these wines with our mailing checklist won’t ever change.”