Michael Mondavi Family’s Winery Of Napa Valley To Sell Carneros Interests To Kieu Hoang WineryJune 5, 2014
Michael Mondavi Family’s Winery of Napa Valley has agreed to sell its 100,000-case Carneros winery facility, tasting room and adjacent 13-acre vineyard to Kieu Hoang Winery Napa Valley for an undisclosed sum, Shanken News Daily has learned. No brands or other vineyard holdings are included in the deal.
Winery of Napa Valley co-founder Rob Mondavi Jr. said the company is looking to establish a boutique winemaking facility and tasting room in Napa Valley as a home for all wines under the Michael Mondavi Family Estate umbrella. For the 2014 harvest, those wines—accounting for around 15,000 cases—will continue to be produced by Rob Mondavi Jr. and Tony Coltrin in a leased facility located in Napa.
“Over the past eight years the (Carneros) winery has been home to Folio Winemaker’s Studio, a custom-crush facility, and recently, Michael Mondavi Family Estate,” Mondavi Jr. said. “As planned, the facility supported our start-up plans allowing maximum flexibility; however, the current case capacity far exceeds our vision to produce the small-lot, prestige wines we desire to produce under the Isabel Mondavi, Emblem, Animo and ’M‘ by Michael Mondavi labels.”
Kieu Hoang, a Vietnamese-born American businessman, began producing wine in Napa in 2012, exclusively for export markets. “The goal has been to establish a U.S. home for the brand … that would support the growth of our portfolio and give us the tools to control wine processing from grape to bottle, and we found that in this facility,” said Kieu Hoang Winery COO and winemaker Craig MacLean.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
Tagged : California, wine
GET YOUR FIRST LOOK AT 2021 DATA AND 2022 PROJECTIONS FOR THE WINE AND SPIRITS INDUSTRIES. ORDER YOUR 2022 IMPACT DATABANK REPORTS. CLICK HERE.