Exclusive: Far Niente Acquires Former Provenance Winery, The New Home For Its Bella Union BrandNovember 2, 2021
Far Niente Family of Wineries & Vineyards has acquired the former Provenance Vineyards winery in Rutherford, California, from Treasury Wine Estates, for an undisclosed sum.
Far Niente plans to repurpose the hospitality and production areas of the winery—which has annual capacity of 75,000 cases—as a home for its Bella Union Napa Valley Cabernet label, with a projected opening in early 2023. Treasury has separately sold the Provenance brand and inventory to Lodi-based Thomas Allen Wine Estates.
“We have been searching for a home for Bella Union that will enable us to provide our wines and experiences to consumers and the trade and more fully tell the story,” said Far Niente CEO Steve Spadarotto. The company introduced Bella Union with the 2012 vintage from its vineyard holdings in Rutherford.
“We’re thrilled with the acquisition of this site for its exceptional visibility and access in Rutherford along Highway 29, and the location next to DeCarle Vineyard, one of our primary sources for the Bella Union Napa Valley Cabernet blend,” Spadarotto added. The winery’s first harvest in the new facility will commence in 2022. Far Niente is backed by private equity group GI Partners.—Daniel Marsteller