Shafer Vineyards purchased the four-hectare Altimeter vineyard in Atlas Peak, one of Napa Valley’s most renowned AVAs. Terms weren't disclosed.
The vineyard purchase will help assure premium fruit for Shafer's Cabernet Sauvignon wines.
“Acquiring this spectacular world-class vineyard is part of our unwavering, decades-long focus on producing wines of elegance, purity, and balance,” said Shafer’s general manager Matthew Sharp. “It’s a great privilege to make this site part of the Shafer Vineyard portfolio.
This is the second vineyard purchase for Shafer in the past year. Last August, the winery acquired the nine-hectacre Wildfoote vineyard next to its Stags Leap District estate.
In February 2022, Shafer itself was purchased by Shinsegae Property, a unit of a Korean luxury firm. The transaction was reportedly valued at $250 million.