The combined 642 acres are located in Napa Valley and consist of approximately 258 acres of vineyard. The vineyard produces a variety of premium red wine grapes including: Cabernet Sauvignon, Merlot, Zinfandel and Malbec. The property also lies adjacent to the Sun Lake Vineyard farmed by Gallo, bringing the combined planted acreage to 358 acres.
According to Roger Nabedian, Senior Vice President and General Manager of Gallo's Premium Wine Division, "The purchase of Cypress Ranch and Palisades Vineyard continues Gallo's commitment to having vineyards in the premier winegrowing appellations in California." He added, "These two vineyards are a great addition to our portfolio and are key to our growth of luxury wines."
The family-owned company, based in California's Central Valley, continues to expand its presence along California's coastal regions. In March, Gallo purchased J Vineyards and Winery located in Sonoma County's Russian River Valley, best known for producing award winning sparkling wines, Pinot Noir and Pinot Gris. Last year, the company purchased two North Coast properties totaling more than 500 acres in Solano County.
The purchase price was not disclosed.
About E. & J. Gallo Winery
Founded by brothers Ernest and Julio Gallo in 1933 in Modesto, California, E. & J. Gallo Winery is the world's largest family-owned winery and the acclaimed producer of award-winning wines and spirits featured in more than 90 countries around the globe. A pioneer in the art of grape growing, winemaking, sustainable practices, marketing and worldwide distribution, Gallo crafts and imports wines and spirits to suit a diverse range of tastes and occasions, from everyday offerings to boutique, luxury bottlings.
The Gallo portfolio is comprised of more than 80 unique brands, including Barefoot Cellars, Gallo Family Vineyards and The Naked Grape. Premium offerings include Apothic, Carnivor, Columbia Winery, Edna Valley Vineyard, Gallo Signature Series, J Vineyards & Winery, Louis M. Martini, MacMurray Estate Vineyards and William Hill Estate, along with highly regarded imports, such as Alamos, Allegrini, Brancaia, La Marca, Martín Codax, Pieropan and Whitehaven. Award-winning spirits include New Amsterdam Vodka and Gin, as well as Shellback Rum.
source : prnewswire.com
