Ste. Michelle Wine Estates has acquired the Oregon vineyard A to Z Wineworks.
That is the primary strategic acquisition for Ste. Michelle Wine Estates underneath the possession of personal fairness agency Sycamore Companions.
Along with Ste. Michelle’s Erath Vineyard, the addition of the A to Z and Rex Hill manufacturers offers Ste. Michelle a bigger presence in Oregon. Plans embody changing into a number one producer of the state’s signature varietal, pinot noir.
“We’re delighted to welcome A to Z to the Ste. Michelle household,” says David Dearie, president/CEO of Ste. Michelle Wine Estates. “Erath and A to Z share the identical ardour for producing high-quality wines at truthful costs, making A to Z a pure match for Ste. Michelle. The way forward for Pacific Northwest wines — each Oregon and Washington — is vibrant. We’re excited to introduce new customers throughout the nation and world wide to the complete complement of our area’s excellent wines.”
Amy Prosenjak, president/CEO of A to Z, will be a part of Ste. Michelle as president of Oregon Manufacturers, overseeing the corporate’s mixed operations within the state.
Along with Prosenjak, A to Z founding companions Deb Hatcher, Cheryl Francis and Sam Tannahill, who began the corporate 20 years in the past will be a part of Ste. Michelle as consultants.
Commercial
“We couldn’t have discovered a greater accomplice than Ste. Michelle to hold on the legacy of each A to Z and Rex Hill,” says Hatcher. “They perceive the Pacific Northwest higher than anybody, and so they know what it takes to advertise a complete area on the worldwide stage.”
A to Z grew to become a licensed B Corp in 2014 in recognition of its environmental practices.
BNP Paribas Securities Corp. served as monetary advisor to A to Z. Financial institution of the West is continuous because the lender to each Ste. Michelle and A to Z. Kirkland & Ellis acted as authorized counsel for Ste. Michelle and Tonkon Torp supported A to Z.
Phrases of the transaction weren’t disclosed.
