US: Terlato takes control of Stags Leap producer
The Terlato Wine Group said yesterday that it had taken full ownership of Chimney Rock Winery, the prestigious Stags Leap District producer. No financial detaisl were disclosed.
Chimney Rock Winery was founded by Hack Wilson in 1980, and is one of only 14 wineries in the Stags Leap District, Napa Valley's renowned sub-appellation for the production of Cabernet Sauvignon.
In 2000, the Terlato family entered into a partnership with the Wilson family and invested more than US$11m in a new winemaking facility. The family also planted 50 new acres of Cabernet Sauvignon increasing Chimney Rock's total acreage to 105, representing nearly 10 percent of total acres planted in the Stags Leap District.
"Chimney Rock represents the benchmark for quality in one of California's most celebrated winegrowing regions. Our family is thrilled to enhance the legacy of excellence at this property," company president William Terlato said. "Chimney Rock continues to be a leader in Stags Leap District Cabernet Sauvignon. We are confident that the 50 acres of vines we planted in 2001 will benefit the brand's growing popularity."
The Terlato Wine Group is the parent company of several independent businesses specializing in the marketing and production of exceptional wines. Owned and operated by the Terlato family, the group's flagship company is Paterno Wines International.
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