Delicato completes Coppola Winery acquisition
Delicato Family Wines has completed on its purchase of the Francis Ford Coppola wine portfolio and two winery facilities in Sonoma County.
As part of the sale, Delicato will acquire the Francis Ford Coppola Winery and the Virginia Dare Winery in Geyserville, including the Archimedes Vineyard.
The fourth-generation, family-owned company announced the news of the acquisition in June. The transaction was approved by the Federal Trade Commission on 26 June.
The merger will make Delicato the number five producer of wine above US$11 in the US, and the third largest exporter of California wines. Coppola Diamond is the number three wine brand in the domestic super-premium category in the US.
“Today marks a historical milestone for the company as we welcome the Francis Ford Coppola Winery and their brands under the Delicato portfolio.
“As the winery has accelerated growth over the last five years, today earmarks the continuation of our family’s work and the culmination of a shared vision to lead the industry,” Delicato’s CEO, Chris Indelicato, said.
“Underpinning the acquisition is 250+ employees who will join Delicato’s family-driven culture and rich heritage of hard work and high-quality standards.
“On behalf of the Indelicato Family and everyone at Delicato, we are thrilled to have them be part of the family business and cannot wait to see how they contribute to the continued success of Delicato Family Wines.
“The fundamentals of our business remain strong, our employee culture is thriving, and we are committed to our proven strategy focused on long-term, profitable, and sustainable growth,” he added.
Founded in 1924, Delicato Family Wines is one of the fastest-growing top-ten wine companies in the US. Its portfolio includes the Diamond Collection, Noble Vines, Gnarly Head, Z. Black Stallion and Three Finger Jack brands.
Transcendent Wines, Delicato’s fine wine portfolio, includes the Diora, Dobbes Family Estate Wines and Stoneleigh brands in addition to imported estate wines such as Casa Real and Triple C from Chile and Torbreck Vintners from Australia.