Foley Family Wines Expands in Napa And New Zealand, Reports Wine SpectatorMay 18, 2012
Bill Foley is at it again. The financial industry executive, who has built a portfolio of more than a dozen wineries on the West Coast and in New Zealand in the past 16 years, is adding two more wine estates to his growing company—one in Napa Valley and another in New Zealand’s Marlborough region.
Foley, 65, is closing a deal to purchase Sawyer Cellars in Napa Valley, buying the property from owner Charlie Sawyer, who has owned the winery since 1994. The price is undisclosed. “Charlie thinks he’s selling for too little, and I think I’m way, way overpaying,” Foley told Wine Spectator.
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