Price Family Vineyards, Atlas Team Up To Acquire Sonoma Coast’s Walala VineyardSeptember 4, 2014
Wine Spectator reports that Price Family Vineyards, owned by Bill Price, proprietor of Classic Wines and current chairman of Kosta Browne, is teaming up with Atlas Vineyard Management to purchase the Walala Vineyard in the Sonoma Coast wine region from the California Conservation Fund. The 97-acre property includes 17 acres of Pinot Noir and a residence. Neither side would disclose the purchase price, but sources estimate it to be in the vicinity of $2 million.
The two firms will manage the vineyard as a joint venture, and are also looking at other potential vineyard purchases.
The Walala vineyard is perched at 1,200 feet atop a ridgeline along the northwestern reaches of the Sonoma Coast. The existing vineyard is surrounded by 19,000 of acres of redwood forest. It’s relatively unknown because of its remote locale, but Pinot fans know it as part of the three-vineyard blend that went into Kosta Browne’s 2009 Sonoma Coast Pinot Noir, Wine Spectator’s 2011 Wine of the Year.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.