US: Jackson Family Wines acquires first Spring Mountain estate
Jackson Family Wines has continued its spending spree by acquiring its first estate in Napa Valley's Spring Mountain District.
The company, formerly known as Kendall-Jackson, has bought the Yverdon vineyard, winery and villa, part of a 77-acre property, for an undisclosed sum, the company announced on Friday (20 December). Barbara Banke, Jackson Family Wines' chairman owner said: “We have plans to make the property the future home for our highly-acclaimed Lokoya wines and will utilise the vineyard as one of our sources to produce our limited production Lokoya Spring Mountain District Cabernet Sauvignon.”
The transaction does not cover the Terra Valentine brand or Wurtele vineyard.
Terra Valentine will continue under its current ownership and management, the companies said.
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