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Acquisitions

Veritas Legacy Partners Closes Acquisition of Veritas Vineyard & Winery

Veritas Legacy Partners said it closed on the acquisition of Veritas Vineyard & Winery, one of Virginia’s premier wine and vino-tourism destinations. The closing follows the transaction agreement announced earlier this year and marks a seamless transition into the winery’s next era of growth and stewardship. VLP

Is Brown-Forman Pursuing a 'Failing Strategy,' Rewarding Failure 'Lavishly?

The accusations were about as serious as any could be. Brown-Forman's management had enriched itself despite a failing strategy and the board "is rewarding failure, and doing so lavishly and publicly." So said a letter written by two members of the family that controls Brown-

Strategic Beverage Services Acquires BevZero's U.S. Operations

Strategic Beverage Services said it became the largest dealcoholization service provider in the U.S. after acquiring BevZero's U.S. operations. Terms weren't disclosed. Patrick Morgan, Chief Operating Officer of Strategic Beverage Services, said the acquisition strengthens the company's ability to deliver dealcoholization services

War Room Cellars Acquires Pacific Rim Riesling

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

Penn Wood Winery Assumes Management of Equivine Farm

Penn Woods Winery said it will take over the management of Equivine Farm, an historic horse farm, 13 acres of vineyards and a bookable country retreat with guest accommodations overlooking the farm’s rolling countryside, vineyards, and ponds in Chester County, Penn. Brian Dickerson, a viticulture specialist, decided to retire

Pellenc Acqiores P&L, Tom Beard

Pellenc America industry leaders P&L Specialties and Tom Beard Co. are officially joining the Pellenc America family. This strategic alignment unifies three of the most trusted names in wine production technology, creating a single, comprehensive source for premium winery equipment. * Pellenc America is a global winery and vineyard