“This is move towards premiumizing and growing and being more relevant with retailers for Delicato,” Zepponi said. Mario Zepponi, whose Zepponi & Company firm in Santa Rosa has handled a number of major wine mergers and acquisitions, called this a “strategic move” for Delicato and comes from a relationship that Coppola has had with the Indelicato family. “It’s a transformational deal, and there will be more of these similar-type larger deals coming,” Nicholson wrote in an email. Robert Nicholson, whose Healdsburg-based International Wine Associates has represented sellers of West Coast wine assets for decades, estimated the value of the deal to be between $500 million and $1 billion. Examples of that are the Sofia sparkling wine line and the Diamond Collection labels.įinancial terms of the deal weren’t disclosed. The Coppola brands in question have a “stronger footprint” in categories where Delicato’s portfolio doesn’t, according to Delicato spokesman Brent Dodd. We look forward to leveraging Francis Ford Coppola's creativity and fine wine capabilities that have appealed to consumers, distributors, and retailers globally, further bolstering our portfolio strategy." "This is an exciting and significant expansion for Delicato Family Wines as we bring Francis Ford Coppola Winery and their brands under our portfolio. “This places us in a strong position in key growth categories to capitalize on positive market trends, drive profitable growth and create opportunities for our employees,” Indelicato in the news release. Indelicato said the two companies had a “strong cultural fit” with “highly complementary portfolios.”
Delicato is also family-owned and shares similar core values as both companies are anchored by long-term sustainable focus and a foundation built on family values: Integrity, Respect, Quality, Accountability, Partnership, Excellence, and Community." I am proud to announce that I have found the perfect fit to take our Family winery to even greater heights. ”What started as a dream to buy a family cottage in Napa Valley turned into a million+ case business producing iconic award-winning wines. "Over my lifetime, Coppola has become a household name across America,“ Francis Ford Coppola said in the announcement. 3 exporter of California wines, the company said. wine overall and in the over-$11-a-bottle category as well as the No. If completed, the transaction would make Delicato the No. Francis Ford Coppola Winery CEO Corey Beck would become executive vice president for production and chief winemaker for Delicato.īut after the deal closes, expected next month pending regulatory approval, Coppola would continue to own and run his other wine assets, Inglenook in Napa Valley and Domaine de Broglie Winery in Oregon. Coppola himself would get a stake in Delicato and join its board.ĭelicato President and CEO Chris Indelicato would remain in that role. The deal, announced Thursday, includes the Francis Ford Coppola Winery and Virginia Dare Winery brands and the facilities as well as Archimedes Vineyard.
Filmmaker, vintner and hotelier Francis Ford Coppola has inked a deal to sell his Sonoma County wineries to Napa-based Delicato Family Wines, creating one of the top 10 suppliers of wine in the U.S.
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