News Briefs California

 

Duckhorn to acquire Kosta Browne

July 2018
 
by
 
 

Napa, Calif.—Duckhorn Wine Company announced its planned acquisition of Kosta Browne Wines on July 17. The sale included the company, the winery, inventory and all assets including 170 acres of vineyards either owned or secured through long-term leases that include Cerise Vineyard in the Anderson Valley and sections of Keefer Ranch Vineyard in the Russian River Valley and Gap’s Crown Vineyard in the Sonoma Coast. The Kosta Browne team will remain with the winery, including CEO Scott Becker and winemaker Nico Cueva. The purchase of Kosta Browne will not include CIRQ, which was founded, and continues to be owned, by Michael Browne.

The purchase was expected to close in August, terms of the deal were not released. 

“This is a huge win for both Duckhorn Wine Company and Kosta Browne,” said Alex Ryan, president and CEO of Napa-based Duckhorn Wine Company, in the press release announcing the deal. “Fine wine lovers have an insatiable demand for luxury Pinot Noir, and Kosta Browne’s wines are among America’s most coveted.”

Kosta Browne was founded by Dan Kosta and Michael Browne, with Chris Costello joining the partnership in 2001. In 2012, Kosta Browne built its own winery in Sebastopol, Calif. A hospitality area at the winery opened this summer. 

“As a lover of good wines and good investments, I have particularly enjoyed working with Scott Becker, our dynamic CEO, and his talented team on the relentless pursuit of quality at Kosta Browne,” said John Childs, chairman of the private equity firm J.W. Childs Associates, which currently owns Kosta Browne. “Every action, whether the purchase of Cerise or our proprietary bottling line, was taken to advance the quality of Kosta Browne wines. 

Duckhorn Wine Company includes Duckhorn Vineyards, Paraduxx, Goldeneye, Migration, Decoy, Canvasback and Calera. 
 

 
SHARE »
Close
 
Currently no comments posted for this article.
 
 
SEE OTHER EDITIONS OF THIS COLUMN » CURRENT COLUMN ARTICLES ยป