Seghesio Family Vineyards is Sold

Seghesio Family Vineyards is Sold

Seghesio Family Vineyards, one of California’s oldest family-owned wineries, has been purchased by Crimson Wine Group, a Napa-based luxury wine brand company. Crimson CEO, Erle Martin, made the announcement.

Crimson is a subsidiary of the New York investment group, Leucadia National. Prior to scooping up Seghesio, Crimson acquired Archery Summit, in Oregon’s Willamette Valley, Chamisal Vineyards (Edna Valley), Pine Ridge Vineyards (Napa Valley) and Forefront, a second label of Pine Ridge.

Seghesio dates back 1895, when Edoardo Seghesio planted his first Zinfandel grapes in the Alexander Valley. Today, the fourth generation oversees operations in Healdsburg, with Pete Seghesio, Jr. running the executive side and Ted Seghesio, his cousin, as winegrower. The winery, which produces approximately 100,000 cases annually, makes Petite Sirah, Pinot Noir, Sangiovese, Barbera and Pinot Grigio, but it is particularly known for its Zinfandels.

Crimson said that much of the Seghesio family will remain in place for the day-to-day management and operations of the winery. Other details of the deal were not made public.

Published on June 1, 2011