Robb Talbott launched Talbott Vineyards in 1982 and built the original winery in Carmel Valley. “After more than 33 years dedicating my life to the establishment and growth of Talbott Vineyards, I am pleased to transition ownership of our wonderful company to E. & J. Gallo. They represent the same commitment to quality that has been part of our heritage since the beginning,” said Robb Talbott. He added, “My family and I are grateful to all of those that have been part of the journey, and are confident that the future for Talbott Vineyards will be secured by E. & J. Gallo.”
The acquisition supports Gallo’s existing presence and properties in California’s Central Coast wine region. The sale includes the Talbott brand, the winery located 21 miles south of Monterey Bay and the prestigious 525-acre Sleepy Hollow Vineyard, which Talbott purchased in 1994. Additionally, Gallo will continue to operate the Talbott Vineyards tasting room in Carmel Valley.
According to Roger Nabedian, Senior Vice President and General Manager of Gallo’s Premium Wine Division, “Talbott Vineyards has an exceptional reputation for producing world-class Chardonnay and Pinot Noir from the Santa Lucia Highlands.” He added, “As this region’s unique characteristics become more widely known, we see a great future for Talbott Vineyards as part of our fine wine portfolio. We look forward to continuing to deliver credible and award-winning wines.”
Gallo already owns thirteen wineries strategically located in wine regions throughout California and Washington.
The sale is scheduled to close on September 4, 2015. Terms of the deal were 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 Códax, Pieropan and Whitehaven. Award-winning spirits include New Amsterdam Vodka and Gin, as well as Shellback Rum.
source : winebusiness.com/news
