[caption id="attachment_64561" align="aligncenter" width="448"] Lancaster Estate winery in Sonoma County's Alexander Valley (photos from lancaster-estate.com)[/caption]
SONOMA COUNTY -- Sonoma-based Foley Family Wines has reached a deal to acquire Lancaster Vineyards, adding two brands to Bill Foley's now million-plus-case-a-year portfolio and key access to cabernet sauvignon grapes from Sonoma County's Alexander Valley.
The deal includes the 12,000-case-a-year Lancaster Estate and 35,000-case-a-year Roth Estate brands, the Chalk Hill Road winery and tasting room, 6,000-square-foot guest house, 42 acres of existing mostly Bordeaux-variety vines, mainly cabernet sauvignon, according to Mr. Foley.
[caption id="attachment_64554" align="alignleft" width="220"] Ted and Nicole Simpkins[/caption]
Winery founder Ted Simpkins will remain a minority owner. Other financial terms of the deal weren't disclosed.
[caption id="attachment_56527" align="alignright" width="200"] Bill Foley[/caption]
"This is a great add," he said. "I've been short Alexander Valley cabernet."