Foley Seals Deal For SilveradoJuly 18, 2022
Foley Family Wines has formally announced its acquisition of Napa Valley’s Silverado Vineyards, in a deal first reported by Wine Spectator last month. Silverado currently produces about 68,000 cases annually, but is permitted to rise to 140,000 cases. The price is estimated to be north of $150 million.
The winery was founded in 1981 by the late Diane Marie Disney Miller, daughter of Walt Disney, and her husband the late Ron Miller, president and CEO of Walt Disney Productions. Over the last four decades, the Miller family has established Silverado Vineyards as a leading producer of luxury wines from estate vineyards across four Napa Valley appellations.
“It’s a gem of a winery,” said Foley Family Wines founder and CEO Bill Foley. “Great vineyards, great national and international reputation, and, of course, a spectacular location on the Silverado Trail in the Stags Leap District.”
In addition to his wine holdings, which also include Chalk Hill, Sebastiani, Chalone, Firestone, Lincourt, Foley Sonoma, Guenoc, Langtry and Clifford Bay, among others, Foley is chairman of commercial data and analytics firm Dun & Bradstreet and title insurance giant Fidelity National Financial, as well as majority owner of the National Hockey League’s Vegas Golden Knights.—Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.