E. & J. Gallo announces purchase of historic Sonoma County Winery
7.20.2015
MODESTO, Calif. (July 20, 2015) - E. & J. Gallo Winery (Gallo) announced today that it has agreed to purchase the Asti Winery, one of Sonoma County's oldest and largest wineries. Located in the northern part of the Alexander Valley, the Asti Winery was established in 1881 by Italian immigrant Andrea Sbarboro. Known then as Italian Swiss Colony, Asti Winery was communally owned by many local families, producing a variety of wines from numerous local vineyards. Today, the Asti Winery spans more than 500 acres with a winery facility capable of crushing 35,000 tons of grapes.
Gallo already owns twelve wineries strategically located in wine regions throughout California and Washington, and this latest purchase supports the company's desire to have a larger presence in Sonoma County. The acquisition includes the Asti Winery, comprised of 535 total acres within the Alexander Valley, with 275 acres planted to vineyard. Additionally, the purchase includes the Souverain brand, which produces premium Chardonnay, Sauvignon Blanc, Merlot and Cabernet Sauvignon.
According to Roger Nabedian, Senior Vice President and General Manager of Gallo's Premium Wine Division, “We are thrilled to add the Asti Winery and vineyards to our North Coast fine wine operations. The property is filled with rich history and is located in a growing wine region that consumers recognize as being among the world's best." He added, "We look forward to bringing the Souverain brand into our expanding premium portfolio, in order to keep pace with growing consumer demand worldwide."
The sale is scheduled to close on July 31, 2015. Terms of the deal were not disclosed.
About GALLO
Founded in 1933 by brothers Ernest and Julio Gallo, GALLO is a family-owned company and global leader in wine, spirits, malt beverages, and RTDs. With a goal of serving joy in moments that matter, GALLO is deeply committed to sustainability and providing the highest quality products for every occasion. GALLO’s entire portfolio is featured here: https://www.gallo.com/portfolio/