Wine Spectator: PlumpJack Group Acquires Napa Valley’s Ladera Vineyards PropertySeptember 30, 2016
Wine Spectator has learned that the PlumpJack Group, which includes Napa’s PlumpJack Winery and CADE Estate Winery, has purchased Ladera Vineyard’s 82-acre estate on Howell Mountain from the Stotesbery family. The sale includes the winery, 74 acres of Cabernet Sauvignon and 3 acres of Sauvignon Blanc, but does not include the brand or inventory. The Stotesberys plan to continue the Ladera brand.
Neither side would disclose the price, but PlumpJack general manager John Conover told Wine Spectator they paid “market price,” which he defined as being roughly $300,000 per planted acre. That would exceed $32 million before the winery was included. Wine Spectator has the full story.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.