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E&J Gallo lines up Talbott Vineyards buy

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E&J Gallo is to buy Talbott Vineyards, in California's Santa Lucia Highlands, for an undisclosed sum.

E&J Gallo already owns 13 vineyards in California and Washington

E&J Gallo already owns 13 vineyards in California and Washington

The winery, which already owns 13 vineyards in California and Washington state, said the acquisition supports its presence in the region. “As this region's unique characteristics become more widely known, we see a great future for Talbott Vineyards as part of our fine wine portfolio,” Gallo said.

Talbott Vineyards, near Monterey Bay, produces a variety of estate-grown wines, specialising in Chardonnay and Pinot Noir. The purchase includes the Talbott brand and the winery as well as the 525-acre Sleepy Hollow Vineyard, which Talbott bought in 1994. Gallo will continue to operate the Talbott Vineyards tasting room in Carmel Valley.

The deal is expected to close at the end of next week.

In July, E&J Gallo acquired the Californian Asti winery from Treasury Wine Estates (TWE), also for an undisclosed sum. TWE later said it will make a pre-tax loss of US$7.5m on the disposal of the winery.


Sectors: Wine

Companies: E&J Gallo, Treasury Wine Estates

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