California’s Peju Acquires Acacia Vineyard And Winery Facility From DiageoFebruary 4, 2016
Rutherford’s Peju Province Winery has purchased the Napa-based Acacia Vineyard and Winery facility from Diageo, as the drinks giant continues to shed its wine brands. Located on a 100-acre estate in Napa Valley’s Carneros wine region, Acacia Vineyard and Winery has an annual production capacity of 100,000 cases and is suited for growing Chardonnay and Pinot Noir grapes. Peju is also considering a custom crush program. While it will be owned by Peju Province Winery, the facility will operated under a different brand name, yet to be determined. Last fall, Diageo agreed to sell most of its U.S. and U.K. wine interests to Treasury Wine Estates for $600 million, including the Acacia brand, as well as Beaulieu, Sterling, Provenance, Rosenblum, Hewitt and Blossom Hill, among others. Monterey County’s Chalone remains with Diageo for now, but is on the selling block.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.