Crimson Wine Group acquires Seghesio

[caption id="attachment_34775" align="alignleft" width="157" caption="Pete Seghesio"][/caption]

[caption id="attachment_34776" align="alignleft" width="150" caption="Ted Seghesio"][/caption]

HEALDSBURG -- Napa-based Crimson Wine Group, a portfolio of several premium red wine brands owned by a New York investment company with $9.3 billion in assets, has acquired zinfandel-focused Seghesio Vineyards and most of the Seghesio family's 300 acres of vines in Sonoma County's Alexander Valley for an undisclosed sum.

The deal gives Crimson, owned by Leucadia National Corp., a zinfandel brand and almost doubles the production volume of the portfolio.

"Much like the best things in life, it’s always serendipitous when you find a great match in business or in your personal endeavors," Chief Executive Officer Pete Seghesio said in a statement. "Crimson Wine Group represented just that, a company and team whose philosophy towards nurturing brands, along with vision, a strong distribution network and access to capital, would allow us to grow to the next level, a level that business on a family scale would have difficulty attaining on its own."

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