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E&J Gallo purchases Asti Winery from Treasury Wine Estates

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Treasury Wine Estates has offloaded Asti Winery in Sonoma, along with its Souverain wine brand, to E&J Gallo.

E&J Gallo aims to have a larger presence in Californias Sonoma County

E&J Gallo aims to have a larger presence in California's Sonoma County

The 535-acre winery joins Gallo's 12 other wineries in regions throughout California and Washington. Its latest purchase, for an undisclosed sum, supports the company’s "desire to have a larger presence in Sonoma County".

Treasury announced earlier this year that it would sell off a raft of wineries in the US and Australia, including Asti, as part of a cost-cutting programme.

Of Asti's 535 acres, 275 are vineyard. The Souverain brand produces Chardonnay, Sauvignon Blanc, Merlot and Cabernet Sauvignon.

Roger Nabedian, senior VP & general manager of Gallo’s premium wine division, said: "The property ... is located in a growing wine region that consumers recognise as being among the world’s best.

"We look forward to bringing the Souverain brand into our expanding premium portfolio, in order to keep pace with growing consumer demand worldwide."

Asti Winery was established in 1881 by Italian immigrant Andrea Sbarboro.

The sale is scheduled to close at the end of July.

In May, Gallo purchased Cypress Ranch and part of Palisades Vineyard in Napa Valley.


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