Benziger Family Winery sold to huge Wine Group

Benziger Family Winery, founded more than 30 years ago by a pioneering Sonoma Valley wine family who helped bring green farming practices into the mainstream, is being sold to one of the world’s largest producers of low-priced wines.
The Wine Group, the world’s third-largest wine company with such budget brands as Franzia, Almaden and Corbett Canyon, announced Monday it has purchased the winery in Glen Ellen and its nearby sister winery, Imagery.
Financial terms were not disclosed, though industry estimates ranged from less than $90 million to slightly more than $100 million.
It is the second blockbuster deal in two decades for the Benziger family, which built its first wine brand, Glen Ellen, into the largest wine label in Sonoma County before selling it in 1993 to Heublein for an estimated $80 million.
Mike Benziger, founder and chief executive officer of his family winery, said The Wine Group will continue the green farming tradition that has been the calling card of the winery he founded with his late father in 1980.
Read more at: Benziger Family Winery sold to Wine Group | The Press Democrat

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