- Read the press release about the sale (PDF - 89kb)
Boisset acquires Napa Valley's Raymond Vineyard
Published: Tuesday, August 11, 2009 at 3:52 p.m.
Last Modified: Tuesday, August 11, 2009 at 3:52 p.m.
Boisset Family Estates, the French wine company that owns DeLoach Vineyards, announced Monday it has purchased its first Napa Valley winery, Raymond Vineyard & Cellar in St. Helena.
It acquired the winery and more than 250 acres of Napa Valley vineyards from Kirin Holdings Co. of Japan, which bought it from the Raymond family in 1988. Terms were not disclosed.
The sale is the latest North Coast acquisition for Boisset Family Estates, a 48-year-old wine company that has grown to include 20 wineries in France, Canada and California.
In 1991, Boisset purchased the Alexander Valley wine brand Lyeth. It followed that up with the purchase of DeLoach Vineyards, the Santa Rosa pinot noir specialist, out of bankruptcy in 2003.
Raymond is its largest U.S. purchase yet. The Raymond family is one of the oldest names in Napa Valley winemaking. It founded Raymond after selling Beringer Vineyards to Nestle in 1971. Production is around 150,000 cases.
All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.
Comments are currently unavailable on this article