Crimson Wine Group Buys Domaine Alfred

Purchase is latest in series of buyouts causing buzz about consolidation.



Published:

Another family winery has been bought out by a big outfit. Domaine Alfred, in the Edna Valley, was purchased yesterday by Crimson Wine Group, a branch of the New York-based investment group, Leucadia National Corp., an aggressive buyout firm with a market cap of $10.1 billion. The purchase price was not disclosed, although Internet reports have estimated it at $30 million.

Founded just a year ago, Crimson's other wineries include Pine Ridge, Archery Summit and Double Canyon, a new Washington winery. Domaine Alfred, which was started by Terry Speizer, produced its first wines in 1998. The Pinot Noirs, Syrahs and Chardonnays, made from the estate Chamisal Vineyard, have been consistent high scorers at Wine Enthusiast. A call to Speizer was not immediately returned for comment.

The move is the latest in a series of winery buyouts that has the industry buzzing about increased consolidation, including in the distribution system, where small wineries like Domaine Alfred have had a tough time. Crimson's CEO and president, Erle Martin, says the company can "provide support in sales and marketing to Domaine Alfred that Terry [Speizer] couldn't." Martin went on to describe Crimson's market niche as "the luxury space."

Along those lines, Domaine Alfred will explore block-designated Pinot Noirs and continue and possibly expand the unoaked Chardonnay program, as well as plant new vineyards on the estate. As for Crimson's next move, says Martin, "We're not doing any business in Sonoma—yet—but there are clearly some great Sonoma County Zinfandels." If there are any winery targets, Martin's not saying.

More Online Exclusive articles:

Related Articles

Region To Watch: Canary Islands

More wines from this region are showing up in your shop’s Spanish section, and are worth a try.

13 Great 2011 Pinot Noirs

California's 2011 Pinot Noirs are complex, focused and vibrant.

Falling in Love with Wine

Writer and director J. Rick Castañeda unleashed his inner oenophile the long and really, really hard way: He filmed his new movie in wine country.

The 27 Best Boxed Wines

Whether hiking, boating or hosting a super-sized summer soirée, these 27 wines are both portable and pour-worthy.

Subscribe

You can unsubscribe at any time. View an example of our newsletter.

Shop

>

Related Web Articles