Gallo adds another vineyard to its portfolio

MODESTO

August 27, 2015 11:27am

•  Buys Talbott Vineyards

•  “I am pleased to transition ownership of our wonderful company to E. & J. Gallo”

The nation’s largest winemaker, E. & J. Gallo Winery of Modesto, is adding Talbott Vineyards, one of California’s largest producers of estate-grown wines, to its portfolio. Financial terms of the deal were not released.

Talbott Vineyards is located within the premier Santa Lucia Highlands appellation near Monterey Bay and produces a variety of wines, specializing in Chardonnay and Pinot Noir. Robb Talbott launched Talbott Vineyards in 1982 and built the original winery in Carmel Valley. “After more than 33 years dedicating my life to the establishment and growth of Talbott Vineyards, I am pleased to transition ownership of our wonderful company to E. & J. Gallo,” he says. “They represent the same commitment to quality that has been part of our heritage since the beginning.”

The acquisition supports Gallo’s existing presence and properties in California’s Central Coast wine region. The sale includes the Talbott brand, the winery located 21 miles south of Monterey Bay and the prestigious 525-acre Sleepy Hollow Vineyard, which Talbott purchased in 1994. Additionally, Gallo will continue to operate the Talbott Vineyards tasting room in Carmel Valley. “As this region’s unique characteristics become more widely known, we see a great future for Talbott Vineyards as part of our fine wine portfolio,” says Roger Nabedian, senior vice president and general manager of Gallo’s Premium Wine Division.”

Gallo already owns 13 wineries strategically located in wine regions throughout California and Washington.

http://www.centralvalleybusinesstimes.com/stories/001/?ID=28961