{"id":755336,"date":"2023-05-04T18:32:32","date_gmt":"2023-05-04T22:32:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-duckhorn-portfolio-inc-to-acquire-north-coast-winery-and-vineyards\/"},"modified":"2023-05-04T18:32:32","modified_gmt":"2023-05-04T22:32:32","slug":"the-duckhorn-portfolio-inc-to-acquire-north-coast-winery-and-vineyards","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-duckhorn-portfolio-inc-to-acquire-north-coast-winery-and-vineyards\/","title":{"rendered":"The Duckhorn Portfolio, Inc. to Acquire North Coast Winery and Vineyards"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>The Duckhorn Portfolio, Inc. to Acquire North Coast Winery and Vineyards<\/b><\/p>\n<p class=\"bwalignc\"><b>Acquisition of North Coast Wine Production Facility Will Expand Production Capacity<\/b><\/p>\n<p>ST. HELENA, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe Duckhorn Portfolio, Inc.<b \/>(NYSE: NAPA) (the \u201cCompany\u201d) announced today that it has entered into a definitive agreement to acquire a production winery and planted vineyards in Alexander Valley, Sonoma County, California. This acquisition will bolster the Company\u2019s production capacity and provide the Company with a fully operational and modern facility, with state-of-the-art winemaking equipment appropriate for premium wines. In addition to the production facility, the property also includes over seven acres of planted Cabernet Sauvignon. The transaction, which is subject to certain customary closing conditions, is expected to close in the fourth fiscal quarter of 2023.<\/p>\n<p>\n\u201cWe view this acquisition as an investment in our future growth and in our winery brands, a continuation of our long-term strategy of expanding and diversifying our luxury wine production capabilities,\u201d said Alex Ryan, the President and CEO of The Duckhorn Portfolio. \u201cProduction wineries of this scale are rarely available in this area, and this acquisition reduces our reliance on third-party custom processing, storage and bottling, and further optimizes our production processes, supporting the stability of the Company\u2019s growth.\u201d<\/p>\n<p>\nThe purchase price of the transaction was approximately $55 million. The acquisition will be financed through the Company\u2019s existing credit facility.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as \u201canticipate,\u201d \u201cexpect,\u201d \u201cplan,\u201d \u201ccould,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cgoal,\u201d \u201cproject,\u201d and other words of similar meaning. These forward-looking statements address various matters including statements regarding the timing and prospects of the proposed transaction. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement, including risks related to the satisfaction of the conditions to the closing of the Acquisition. For a discussion of some of the other risks and important factors that could affect such forward-looking statements, see the sections entitled \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 10-K for the fiscal year ended July 31, 2022 and in the Company\u2019s other filings with the SEC. The Company cautions investors not to place considerable reliance on the forward-looking statements contained in this press release. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. The Company\u2019s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.<\/p>\n<p><b>About The Duckhorn Portfolio, Inc.<\/b><\/p>\n<p>\nThe Duckhorn Portfolio is North America\u2019s premier luxury wine company, with ten wineries, eight state-of-the-art winemaking facilities, seven tasting rooms and over 1,100 coveted acres of vineyards spanning 32 Estate properties. Established in 1976, when vintners Dan and Margaret Duckhorn founded Napa Valley\u2019s Duckhorn Vineyards, today, our portfolio features some of North America\u2019s most revered wineries, including Decoy, Paraduxx, Goldeneye, Migration, Canvasback, Calera, Kosta Browne, Greenwing and Postmark. Sourcing grapes from our own Estate vineyards and fine growers in Napa Valley, Sonoma County, Anderson Valley, California\u2019s North and Central coasts, and Washington State, we offer a curated and comprehensive portfolio of acclaimed luxury wines with price points ranging from $20 to $200 across more than 15 varietals and 31 appellations. Our wines are available throughout the United States, on five continents, and in more than 50 countries around the world. To learn more, visit us at: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.duckhornportfolio.com%2F&amp;esheet=53393533&amp;newsitemid=20230504005456&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.duckhornportfolio.com%2F&amp;index=1&amp;md5=aaa17d9f643a2ae5b1a8853426e1c759\">https:\/\/www.duckhornportfolio.com\/<\/a>. Investors can access information on our investor relations website at: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fir.duckhorn.com&amp;esheet=53393533&amp;newsitemid=20230504005456&amp;lan=en-US&amp;anchor=https%3A%2F%2Fir.duckhorn.com&amp;index=2&amp;md5=d1ae703330f8eb691c8b2d9b55c0fdc8\">https:\/\/ir.duckhorn.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230504005456r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230504005456\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230504005456\/en\/<\/a><\/span><\/p>\n<p><i>Investors<br \/>\n<\/i><br \/>Chris Mandeville, ICR<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@duckhorn.com\">ir@duckhorn.com<br \/>\n<\/a><br \/>707-302-2635<\/p>\n<p><i>Media<br \/>\n<\/i><br \/>Jessica Liddell, ICR<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:DuckhornPR@icrinc.com\">DuckhornPR@icrinc.com<br \/>\n<\/a><br \/>203-682-8200<\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Food\/Beverage Agriculture Natural Resources Wine &amp; Spirits Retail<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>The Duckhorn Portfolio, Inc. to Acquire North Coast Winery and Vineyards Acquisition of North Coast Wine Production Facility Will Expand Production Capacity ST. HELENA, Calif.&#8211;(BUSINESS WIRE)&#8211; The Duckhorn Portfolio, Inc.(NYSE: NAPA) (the \u201cCompany\u201d) announced today that it has entered into a definitive agreement to acquire a production winery and planted vineyards in Alexander Valley, Sonoma County, California. This acquisition will bolster the Company\u2019s production capacity and provide the Company with a fully operational and modern facility, with state-of-the-art winemaking equipment appropriate for premium wines. In addition to the production facility, the property also includes over seven acres of planted Cabernet Sauvignon. The transaction, which is subject to certain customary closing conditions, is expected to close in the fourth fiscal quarter &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-duckhorn-portfolio-inc-to-acquire-north-coast-winery-and-vineyards\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Duckhorn Portfolio, Inc. to Acquire North Coast Winery and Vineyards&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-755336","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Duckhorn Portfolio, Inc. to Acquire North Coast Winery and Vineyards - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-duckhorn-portfolio-inc-to-acquire-north-coast-winery-and-vineyards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Duckhorn Portfolio, Inc. to Acquire North Coast Winery and Vineyards - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The Duckhorn Portfolio, Inc. to Acquire North Coast Winery and Vineyards Acquisition of North Coast Wine Production Facility Will Expand Production Capacity ST. HELENA, Calif.&#8211;(BUSINESS WIRE)&#8211; The Duckhorn Portfolio, Inc.(NYSE: NAPA) (the \u201cCompany\u201d) announced today that it has entered into a definitive agreement to acquire a production winery and planted vineyards in Alexander Valley, Sonoma County, California. This acquisition will bolster the Company\u2019s production capacity and provide the Company with a fully operational and modern facility, with state-of-the-art winemaking equipment appropriate for premium wines. In addition to the production facility, the property also includes over seven acres of planted Cabernet Sauvignon. The transaction, which is subject to certain customary closing conditions, is expected to close in the fourth fiscal quarter &hellip; Continue reading &quot;The Duckhorn Portfolio, Inc. to Acquire North Coast Winery and Vineyards&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-duckhorn-portfolio-inc-to-acquire-north-coast-winery-and-vineyards\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-04T22:32:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230504005456r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-duckhorn-portfolio-inc-to-acquire-north-coast-winery-and-vineyards\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-duckhorn-portfolio-inc-to-acquire-north-coast-winery-and-vineyards\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"The Duckhorn Portfolio, Inc. to Acquire North Coast Winery and Vineyards\",\"datePublished\":\"2023-05-04T22:32:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-duckhorn-portfolio-inc-to-acquire-north-coast-winery-and-vineyards\\\/\"},\"wordCount\":679,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-duckhorn-portfolio-inc-to-acquire-north-coast-winery-and-vineyards\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230504005456r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-duckhorn-portfolio-inc-to-acquire-north-coast-winery-and-vineyards\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-duckhorn-portfolio-inc-to-acquire-north-coast-winery-and-vineyards\\\/\",\"name\":\"The Duckhorn Portfolio, Inc. to Acquire North Coast Winery and Vineyards - 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HELENA, Calif.&#8211;(BUSINESS WIRE)&#8211; The Duckhorn Portfolio, Inc.(NYSE: NAPA) (the \u201cCompany\u201d) announced today that it has entered into a definitive agreement to acquire a production winery and planted vineyards in Alexander Valley, Sonoma County, California. This acquisition will bolster the Company\u2019s production capacity and provide the Company with a fully operational and modern facility, with state-of-the-art winemaking equipment appropriate for premium wines. In addition to the production facility, the property also includes over seven acres of planted Cabernet Sauvignon. 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