Gallo continues spending spree with Napa vineyard buys

news  %tages Gallo continues spending spree with Napa vineyard buys

E&J Gallo winery has bought more than 100 hectares of vineyard on the fringes of Napa Valley, as part of its drive to invest in estates producing premium wine.

Gallo said it bought Cypress Dairy farm and a part of the Palisades vineyard in Napa Valley via an unnamed ‘affiliate’. The land lies in Pope Valley in what has been described as the last frontier of Napa Valley, to the north. The go gives Gallo an extra 260 hectares of land, with 104ha of vines planted. Grape varieties in the bought vineyard include Cabernet Sauvignon, Merlot, Zinfandel and Malbec and the go forms part of the California wine group’s plot to buy more premium vineyards. ‘These two vineyards are a fantastic addition to our portfolio and are key to our progression of luxury wines,’ said Gallo’s general manager for premium wine, Roger Nabedian. A fee for the buy was not http://1000-facts-about-wine.com told, but pressure for vineyard space in the Napa County area is intense. It is believed that Gallo bought the vineyard from Flora Springs. Another Gallo vineyard, Sun Lake Vineyard, lies next to the newly bought land, Gallo said. In Development this year, Gallo bought J Vineyards and winery in Sonoma’s Russian River, best known for building sparkling wine from Pinot Noir and Pinot Gris. Last year, Gallo also bought two properties in Solano County, totalling around 200ha. See also:Gallo buys 90-hectare premium vineyard in CaliforniaGallo family chance close to $10bn

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