Entenmann family’s Martha Clara wine estate sold for $15m

26th April, 2018 by Lauren Eads

The Entenmann family, who are behind one of the biggest baked goods brands in the US, has sold its Long Island ‘Big E’ farm and wine estate, including its Martha Clara vineyards, to a Mexican wine company for US$15 million.

Photo credit: The Corcoran Group

The estate was bought by the Rivero-Gonzalez family, wine producers from Mexico, who plan to expand their operations to the US, according to The Corcoran Group, who handled the sale.

The Entenmann family, which sold its baked-goods company in 1978, has owned the Long Island estate for a generation, but first listed it for sale in 2014 for $25 million. The price was later cut to $17.5 million, eventually selling for $15m.

Grandson of the company’s founder, Robert Entenmann, who died in 2016….

Continue reading

Get unlimited access to The Drinks Business, from just £10.75 per month

Join The Drinks Business
Already a subscriber?

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters