Quantcast

North Bay Business Journal

Monday, July 30, 2012, 3:56 pm

Kenwood Vineyards sale canceled

By

Print Friendly Print Friendly    

Share this item

    SONOMA VALLEY — F. Korbel & Bros., which makes the Kenwood and Korbel brands, today said it has called off its previously announced sale of the 550,000-case-a-year Kenwood Vineyards brand and winery to New York-based Banfi Vintners.

    In late March, F. Korbel announced it was in negotiations to sell Kenwood to Banfi to focus resources on the Korbel brand of méthode champenoise sparkling wine plus brandy. The decision to sell came after several months of strategic review, according to F. Korbel. The company will continue to own and operate the winery.

    A spokeswoman declined to comment further, citing confidentiality agreements.

    Gary Heck, owner and president of F. Korbel, acquired Kenwood in 1999, when it was a 300,000-case-a-year brand. Kenwood Vineyards started in 1970.

    Copyright © 1988–2014 North Bay Business Journal
    View the policy for linking to website content.

    Print Friendly Print Friendly    

    Submit Your Comments

    Required

    Required, will not be published

    Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments and Letters Policy. To share this item by email or social media, use the links above.

    Do not use this form to contact people, companies or organizations mentioned in this story. Contact them directly. Private messages left here will be deleted.