Healdsburg, California – 8 August, 2011 – Robert Nicholson of International Wine Associates announced that IWA served as advisors to Diageo North America and initiated the sale of Edna Valley Vineyard to E. & J. Gallo Winery.
According to Roger Nabedian, Senior Vice President and General Manager of Gallo’s Premium Wine Division, “Edna Valley will help us expand both our footprint in the Central Coast and in the Chardonnay category. The brand represents wines from a superior appellation and is well positioned to offer consumers wines of extraordinary value long into the future.”
“We are excited to be working with Gallo to continue to grow the world class grapes that provide the foundation for the Edna Valley Vineyard wines” said John R. Niven of Paragon Vineyard Company.
Terms of the transaction were not disclosed.