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Wine Closure Maker Lays Off 66 from Modesto Plant
"When all the world is scratching for gold," Leland Stanford (or was it Mark Twain) is reported to have said, "sell picks and shovels."
But when business shrinks, even the seller of picks and shovels feels the pain. And so it is for 66 employees of
War Room Cellars Acquires Pacific Rim Riesling
WarRoom Cellars acquired Pacific Rim Riesling. Pacific Rim Winemakers filed for Bankruptcy Act protection in April.
Pacific Rim was founded in 1992 by industry icon Randall Grahm of Bonny Doon Vineyard. This acquisition reunites the two brands, over three decades later, in the WarRoom portfolio of wines.
WarRoom Cellars acquires
New York State's 2d-Largest Winery Purchased, Operations to Be Restored
Vine Enterprises LLC, a private equity firm from Carmel, Ind. will acquire and take over operation of the historic Pleasant Valley Winery. Including the cost of redeveloping and restoring the winery, which closed last year, the transaction is valued at about $47 million.
Before it closed, Pleasant Valley was the