US: Gallo to acquire Santa Barbara winery - report
The US wine giant E&J Gallo is to acquire Bridlewood Estate in the Santa Ynez Valley in Santa Barbara, the US press reported yesterday.
The deal is expected to be completed by May, although financial details were not disclosed.
The Miami Hearald quoted John Segale, a spokesman for Gallo, saying that Bridlewood Estate is a good fit in Gallo's fine wine portfolio. "It has a great following in the fine wine and restaurant trades," Segale said.
Bridlewood Estate is a 25,000-case winery on 105 acres near Santa Barbara. It was founded five years ago by Cory Holbrook.
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