US: Precept Wine ups Idaho presence with Ste Chapelle buy
US wine producer Precept Wine has completed the purchase of Ste Chapelle, the largest winery in Idaho.
The privately-owned, Seattle-based company said late yesterday (14 May) that it has bought Ste Chapelle Winery from California's Ascentia Wine Estates. Financial details behind the transaction were not disclosed.
The move “solidifies its (Precept's) presence as a significant wine producer in Idaho,” the firm said. It already owns Sawtooth Estate Winery in Idaho's Snake River Valley.
"We are thrilled with Precept's purchase of Ste Chapelle,” said Moya Shatz Dolsby, executive director of Idaho Wine Commission. "It shows well for the state of Idaho that a large company from Washington State has not only one but two Idaho wineries, and I look forward to furthering the Commission's relationship with Precept Wine."
Founded in 1976, Ste Chapelle produces around 130,000 cases of wine. After it was bought by Constellation Brands in 2001, Ascentia purchased it from Constellation in 2008.
Precept is the largest privately-held wine company in the US north-west, and the second largest overall in the region.
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