The Indelicato family, of DFV Wines (formerly Delicato), has announced their purchase of Black Stallion Winery, in Napa Valley, for an undisclosed sum.
DFV’s CEO, Chris Indelicato, told Wine Enthusiast the purchase of the winery and adjoining vineyard, on the Silverado Trail in the Oak Knoll District, lets the company compete in the ultra-premium Napa Valley sector. “We’ve been selling wines over $10 the past number of years, and now the next progression for us is to sell estate wines at higher price points.”
Indelicato said plans are to produce about 25,000 cases of Black Stallion Cabernet Sauvignon for $30 and Chardonnay in the $20-$25 range. The winery itself has a permit for up to 42,000 cases annually.
Asked about the effects of the Recession on high-end Napa Valley wine, which is said to be struggling, Indelicato replied, “There’s still room for wines that are great values for consumers at the higher price points.” He added hopes that Black Stallion’s winemaker, Elaine St. Clair, and her team remain.
Black Stallion was launched just three years ago by two brothers, Terry and Michael Maglich. The winery sold its entire production of 4,000 cases, comprising 11 varieties made from purchased fruit, exclusively through the tasting room and wine club. Indelicato said Black Stallion will continue to focus on tasting room activities, in addition to selling the Cabernet and Chardonnay on the national market. “We’re in all 50 states, with good distributors, and in 60 foreign countries, so as you can imagine, our sales team is really excited” by the new acquisition, he said.