Duckhorn For Sale?
There have been many acquisitions in the California wine industry lately, and another group of well-known wineries may be for sale. Duckhorn Wine Company consists of Duckhorn Vineyards and Paraduxx, both in the Napa Valley, and Goldeneye in the Anderson Valley.
Duckhorn’s president, Alex Ryan, recently told Decanter.com that the company, “Is not for sale, but they are not ruling out the possibility of selling.” He went on to say that, “A sale may be one of the options we are looking at. It may be appropriate to bring in some help at this stage. But there is no deal. There is no buyer.”
Based in the St Helena wine region, Duckhorn Vineyards has been extremely successful since it was established in 1976. Founders Dan and Margaret Duckhorn initially made their name producing Napa Valley Cabernet Sauvignon and Merlot.
In 1997, the Duckhorns expanded the scope of their production by starting Goldeneye in Mendocino County’s Anderson Valley wine country. This winery focuses on Pinot Noir. Paraduxx was introduced several years later, and makes a proprietary red blend.
A fourth brand, Canvasback, will soon be launched as well. Canvasback will focus on the traditional red grapes of France’s Rhone Valley including Syrah and Grenache. The 2004 vintage will be available in the next few months.