Wine Spectator: Napa’s Quixote Winery Sold To Chinese-Owned Firm For Approximately $29 Million
July 22, 2014Carl Doumani has sold his Quixote winery in Napa Valley’s Stags Leap District to Jinta Vineyards and Winery, a Chinese-owned private firm registered in the United States, Wine Spectator reports. Jinta paid close to the asking price of $29 million, according to Doumani.
The deal is the latest of a recent series of winery purchases or startups in the Napa Valley wine industry by Asian investors or firms, including Sloan, Dana Estates, Kenzo Estate and 4088 (the former Bialla winery). Just last month, Kieu Hoang Winery, owned by a Vietnamese-American who sells exclusively to Asian markets,purchased Michael Mondavi’s winery facility in Carneros.
Jinta is a subsidiary of a firm called Le Melange. In 2013, Jinta bought Hannah Nicole Vineyards & Winery of Brentwood, in Contra Costa County, where it produces a range of wines from Cabernet and Chardonnay to Merlot, Syrah and Zinfandel.
Doumani, a devout champion of Petite Sirah, created Quixote in the late 1990s after selling Stags’ Leap Winery, the property he founded in 1972.
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