Duckhorn Portfolio said it would pay approximately $55m for the business, which is based in Alexander Valley in Sonoma County.
US wine group Duckhorn Portfolio has agreed to buy North Coast Winery and Vineyards in California.
Duckhorn Portfolio said it would pay approximately $55m for the business, which is based in Alexander Valley in Sonoma County.
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
The company’s net sales in the six months ending 31 January were $211.7m, up 4.3% on a year earlier.
Duckhorn Portfolio’s income from operation was $54.5m, versus $54.9m in the corresponding period a year earlier. Its net income decreased 8% to $34.7m.
Before the latest deal, the company’s portfolio included ten wineries, eight winemaking facilities and more than 1,100 acres of vineyards across 32 estate properties in the US and France. Its wines are available in over 50 countries.
Duckhorn Portfolio’s brands include Goldeneye and Kosta Browne. It offers wines at price points ranging from $20 to $200.
Go deeper with GlobalData
The gold standard of business intelligence.
The company is aiming to boost production capacity through the deal, which includes fully operational and “modern” winemaking equipment. The property also includes over seven acres of planted Cabernet Sauvignon.
The transaction is expected to close in the fourth quarter of Duckhorn’s fiscal 2023 year, which runs to the end of July.
“We view this acquisition as an investment in our future growth and in our winery brands, a continuation of our long-term strategy of expanding and diversifying our luxury wine production capabilities,” Duckhorn Portfolio CEO Alex Ryan said. “Production wineries of this scale are rarely available in this area, and this acquisition reduces our reliance on third-party custom processing, storage and bottling, and further optimises our production processes, supporting the stability of the company’s growth.”
Co-founders Dan and Margaret Duckhorn sold a majority interest in the company to GI Partners in 2007, which sold its stake to TSG Consumer Partners in 2016.
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
It went public on the New York stock exchange in March 2021.
The company’s net sales in the six months ending 31 January were $211.7m, up 4.3% on a year earlier.
Duckhorn Portfolio’s income from operation was $54.5m, versus $54.9m in the corresponding period a year earlier. Its net income decreased 8% to $34.7m.
Before the latest deal, the company’s portfolio included ten wineries, eight winemaking facilities and more than 1,100 acres of vineyards across 32 estate properties in the US and France. Its wines are available in over 50 countries.
Duckhorn Portfolio’s brands include Goldeneye and Kosta Browne. It offers wines at price points ranging from $20 to $200.
North Coast Wine with their Custom West-Mark Tankers
FAQ
Where are North Coast wines from?
What winery did Duckhorn buy?
Who is the owner of winery?
Who is north coast Wine Co?
A firm believer that great wine starts in the vineyard, Kevin is thrilled to forge new paths in the varied appellations of the North Coast. With over 20 years of wine industry experience, Kevin oversees all farming operations for North Coast Wine Co. and manages all our integral grower relations with vintners throughout the North Coast wine region.
Who is east coast wine buyers?
I had a few well kept classic burgundies called EAST COAST WINE BUYERS, Alex the owner came from the City gave me the cash, done deal. Very fair, great guy. Started in 2009, and located in New York City, East Coast Wine Buyers is the premier wine buyer purchasing vintage wine from anywhere in the continental United States.
Who owns Northcoast Seafoods?
Northcoast Seafoods, launched by Fridrik Thorsteinsson, inset, has been bought out by Marahu Nichiro group company Seafood Connection. (Image: Northcoast Seafoods / Reach Plc / Seafood Connection) Grimsby’s Northcoast Seafoods has been bought out by a major European player backed by a global giant.
What is the role of Melissa at North Coast wine co?
Striving for innovation while leading an empowered team, Melissa looks forward to continuing the family wine legacy on the North Coast. With over 15 years of experience in the wine industry, Melissa oversees sales, distribution, and marketing for North Coast Wine Co.