Acquisitions

Royal Wine Corp. acquired Northern California’s legacy winery Sonoma-Loeb, founded in 1981 by Ambassador to Denmark and American business magnate John L. Loeb, Jr. Terms weren't disclosed. Under the guidance of Chappellet Winery owners Don and Molly Chappellet and winemaker Philip Corralo-Titus, Sonoma-Loeb has risen to become

E. & J. Gallo’s Luxury Wine Group said it agreed to purchase Rombauer Vineyards, producer of critically acclaimed wines from Napa Valley, Sonoma County, the Sierra Foothills, and the Santa Lucia Highlands.  Terms weren't disclosed. Founded in 1980 by Koerner and Joan Rombauer, Rombauer Vineyards is known

Heineken N.V. said it completed the sale of 100% of its Russian business to Arnest Group for 1 Euro.  All remaining assets, including seven breweries in Russia, will be transferred to the new owners. Arnest Group owns a major can packaging business and is the largest Russian manufacturer of

Brion Wise, a former oil industry executive turned winery owner, has acquired Montagna, a 128-acre estate, at 1,200 feet elevation, which includes 42 acres and a 20,000-foot cave atop Napa's Pritchard Hill. Terms weren't disclosed, but in the early 2000s ot listed for $55

Hidden Oaks Vineyard in Clements, Calif., was recently purchased for $3.2 million by FarmTogether Inc. The 102-acre organic cabernet sauvignon vineyard will continue its operations with the new owners overseeing the business management and production of the vineyard. The Land Advisors Organization's agriculture specialists Quinn Mulrooney and

St. Supery Estate Vineyards & Winery purchased a 48-acre vineyard in Napa Valley's Rutherford appellation. The seller was LMR Wine Estates, and the transaction was estimated to be valued at $14.8 million. The purchase brings St. Supery's Napa Valley holdings to more than 1,600

Now is the time to prepare for the next wave of beverage mergers and acquisitions, whether it's lining up targets, getting finances in order, or identifying the biggest long-term trends that you need to lay the groundwork for now, Jim Watson, RaboResearch senior beverage analyst, says in a

Molson Coors Beverage Company agreed to acquire Blue Run Spirits (“Blue Run”), an  award-winning producer of finely crafted bourbon and rye whiskies. The deal represents another step in Molson Coors’ evolution as a total beverage company while providing Blue Run with resources to continue its growth, the companies said. . Based

Spring Mountain Vineyard named Peter Ekman CEO as it emerges from Bankruptcy Act proceedings following its purchase by MGG Investment Group and injection of new capital. Ekman has more than 25 years experience in revitalizing businesses. Numerous renovations are planned to the 845-acre property which was the setting for the