YOUNTVILLE -- Vintage Wine Estates Inc. purchased some of the assets of the recently shuttered Cosentino Winery near Yountville and has brought back founder Mitch Cosentino to help "stabilize" the brand.
The Santa Rosa-based portfolio of brands, which includes Windsor Vineyards, Girard and International Wine Accessories, purchased the winery property, equipment, customer list for the 30,000- to 40,000-case brand and wine inventory from the senior creditor, a subsidiary of Physicians Reciprocal Insurers, on Dec. 30.
The purchase price wasn't disclosed, but the seller financed $6.9 million, according to Napa County public records. The value of the property when it was appraised in February 2010 was $6.9 million, according to court documents.
Some of the wine and equipment are located in the Pope Valley and Lodi wineries Cosentino Signature Wines used to operate, and some of it is subject to grower's liens that will need to be resolved via buyouts or turning over wine plus equipment and vendor liens, according to Pat Roney, president and co-owner of Vintage Wine Estates.
VinREIT, a St. Helena-based subsidiary of Entertainment Properties Trust, continues to own the Lodi and Pope Valley wineries.