Saturday, September 30, 2023

The Wine Group Acquires 1,300+ Acre Paicines Vineyards

The 1,300+ acre collection of vineyards and land commonly referred to as the Paicines Vineyards located within San Benito County, California, was recently sold to The Wine Group (“TWG”). The Mendrin Group, a leading agricultural brokerage, consulting, and advisory firm, served as the exclusive advisor to the seller, an undisclosed winery in the transaction.

Also Read: Backyard Chicken Company Experiencing Soaring Sales Due to Increased Egg Prices

The Paicines Vineyards are located in the Paicines American Viticultural Area, a quality growing area of California’s Central Coast and San Benito County that has seen a revival of interest in wines produced where deep-rooted brands such as Almaden and Paul Masson originated.

The acquisition expands The Wine Group’s existing holdings of vineyards within the Paicines AVA in a significant way. “The Paicines Vineyards offer a great blend of water security, scale, production, quality, and overall value as an asset to produce coastal red and white winegrapes for our wine programs currently met with strong demand,” stated John Sutton, CEO of The Wine Group.

SOURCE: PRNewswire

Subscribe Now

    Hot Topics