Francis Ford Coppola’s two Sonoma wineries to be acquired by Napa wine giant Delicato

0

Famous director Francis Ford Coppola’s eponymous winery in Sonoma is set to be acquired by Napa wine giant Delicato Family Wines, the two wineries announced Thursday.

The deal, which is still awaiting Federal Trade Commission approval, covers the Sonoma County Manager’s two facilities, the Francis Ford Coppola Winery and the Virginia Dare Winery. Both are located in Geyserville.

Coppola’s historic Inglenook winery in Rutherford and Domaine de Broglie winery outside of Portland, Ore., Are not part of the deal.

The acquisition aims to strengthen the position of companies in mass consumption wine. If approved, the deal will make Delicato the third-largest exporter of California wines and the fifth-largest supplier of wines in the above category at $ 11.

Coppola’s cellar and Delicato have declined to provide additional information beyond the announcement of the acquisition until FTC approval is obtained. Financial details of the deal are currently under wraps, but Coppola will join Delicato’s board of directors and own a stake in that company.

Delicato is one of California’s largest wine producers.

Courtesy of Delicato Family Wines

It is not yet clear how the deal will impact Coppola wineries in Sonoma and whether business will continue as usual. The wineries announcement Thursday says two companies are still working out those details.

Napa-based Delicato is known to be one of California’s largest wine producers, with common finds in grocery stores such as Bota boxed wine. Started in 1924 by Italian immigrant Gaspare Indelicato, the winery is still run by the Indelicato family. Coppola acquired the Sonoma County property in 2006 and opened the new winery there in 2010.

Tanay Warerkar is the associate food and wine editor of the San Francisco Chronicle. Email: [email protected]

Share.

Leave A Reply