News Briefs California

 

Investment group buys Sullivan Vineyards

December 2017
 
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Rutherford, Calif.—A group of investors called VITE USA and led by Juan Pablo Torres-Padilla, has reached an agreement to acquire Sullivan Vineyards in Napa Valley. The winery had declared bankruptcy earlier this year because of an acrimonious divorce and ensuing lawsuits. In the statement announcing the acquisition, VITE USA said it plans to “focus on enhancing the prestige of this unique property” through “significant” investment in the vineyards, winemaking and hospitality. The transaction is planned to close in early 2018. Ross Sullivan will remain with the winery as a consultant, and Jeff Cole will remain winemaker.

 
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