US group Trinchero Family Wines and Spirits has put two of its vineyards in Napa Valley on the market.
The San Francisco Chronicle cited listings of its Haystack Vineyard and Clouds Nest Vineyard.
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Haystack has been listed $5.6m while the Clouds Nest location is going for $4.5m on the luxury real estate website Christie’s International Real Estate, the publication reported.
When approached on the topic by Just Drinks, a Trinchero spokesperson said: “Given market dynamics, listing select vineyards is a proactive step we’ve taken to ensure we’re positioned for long-term, sustainable growth.
“We source from those vineyards for a very few wines and thus don’t anticipate any significant changes to production or our portfolio based on the sale of those vineyards.”
The Haystack location includes over 21 acres of vines while Clouds Nest features over 12 acres and a residence, the online listings said.
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By GlobalDataCabernet Sauvignon Merlot and Petite Sirah grapes can be grown across the two vineyards among other varieties.
This week, Trinchero’s winemaking peer Gallo announced plans to close one of its production sites in Napa Valley and filed notices for job cuts across other operations in California.
In December, St. Helena-headquartered Trinchero struck a deal to buy a clutch of US sparkling wine assets from French spirits giant Pernod Ricard.
Trinchero moved to buy assets that cover the Mumm Sparkling California, Mumm Napa and DVX brands. Financial terms were not disclosed at the time.
The deal gives the group the right to manufacture Mumm sparkling wines in the United States and distribute them across the country, Canada, Mexico and some Caribbean markets.
Trinchero’s portfolio includes wine brands like Seaglass Wine Company, Sutter Home and Ménage à Trois. It is also present in spirits with the brands Tres Agave Tequila, Trincheri vermouth and Amador Whiskey Company.
