Home Industry News Releases Delicato Family Wines Forges Partnership with Francis Ford Coppola Winery

Delicato Family Wines Forges Partnership with Francis Ford Coppola Winery

1549
0
Advertisement

Two Iconic Families Come Together 

Napa, CA, June 24, 2021 – Delicato Family Wines and Francis Ford Coppola Winery today announced that  they will come together under one roof, strengthening the families’ legacies as it creates the #5 supplier of  all wine above $11 in the U.S. market, as well as the #5 supplier by volume across all price segments and  become the #3 exporter of C.A. wines.

Under the terms of the agreement, the Francis Ford Coppola wine portfolio and two facilities anchored in  Sonoma County, the Francis Ford Coppola Winery and the Virginia Dare Winery located in Geyserville,  including the Archimedes Vineyard, will join Delicato. 

As a long-time leader in the wine industry, Francis Coppola will have an equity stake in Delicato Family  Wines and join Delicato’s Board of Directors. His renowned innovation and influence in fine wine will be  pivotal in guiding the continued growth of Delicato for years to come. The company will continue to be  managed by President and Chief Executive Officer, Chris Indelicato, and Corey Beck will join Delicato’s  executive leadership team as EVP, Production and Chief Winemaker.  

The brand portfolio will join strong brands such as 1924, Three Finger Jack, Z. Alexander Brown and will be  led by Bota Box, the fastest-growing brand in any wine segment, and Coppola Diamond, the #3 brand in the  domestic super-premium category. These “must-have” brands will enable Delicato to further grow its portfolio, as well as to compete forcefully in new segments. 

Francis Ford Coppola shares, “Over my lifetime, Coppola has become a household name across America.  What started as a dream to buy a family cottage in Napa Valley turned into a million+ case business  producing iconic award-winning wines. I am proud to announce that I have found the perfect fit to take our  Family winery to even greater heights. Delicato is also family-owned and shares similar core values as both  companies are anchored by long-term sustainable focus and a foundation built on family values: Integrity,  Respect, Quality, Accountability, Partnership, Excellence, and Community.” 

“There is a strong cultural fit between our two companies, and by combining two highly complementary  portfolios, we create a more diversified winery. This places us in a strong position in key growth categories  to capitalize on positive market trends, drive profitable growth and create opportunities for our  employees,” concludes Chief Executive Officer, Chris Indelicato. “This is an exciting and significant  

1 52-weeks ended May 16, 2021. IRI total multi-outlet and convenience.

expansion for Delicato Family Wines as we bring Francis Ford Coppola Winery and their brands under our  portfolio. We look forward to leveraging Francis Ford Coppola’s creativity and fine wine capabilities that  have appealed to consumers, distributors, and retailers globally, further bolstering our portfolio strategy.” 

Over the next few months, Delicato and Coppola will focus on how best to combine the two companies,  effectively utilizing the best business practices and talent of both organizations to make the transition  seamless for employees, suppliers, and customers alike.  

Inglenook and Domaine de Broglie Winery and vineyard will remain separately owned and run by Francis  and the Coppola Family. 

The transaction is expected to be completed in the coming month, subject to regulatory approvals. Terms  of the transaction between Delicato and Coppola were not disclosed.  

Advisors  

Deutsche Bank is serving as exclusive financial advisors and Winston & Strawn LLP is acting as primary legal  advisors for Delicato Family Wines. 

J.P. Morgan Securities LLC is serving as exclusive financial advisors and Nixon Peabody LLP is acting as  primary legal advisors for Francis Ford Coppola Winery. 

ABOUT DELICATO FAMILY WINES  

Delicato Family Wines is a fourth-generation, family-owned company founded in 1924 and has grown to be one of the U.S.’s  fastest-growing top-ten wine companies. Delicato’s diversified portfolio of leading brands includes Bota Box, Noble Vines,  Gnarly Head, Z. Alexander Brown, Black Stallion, 1924, Three Finger Jack, Toad Hollow, Mercer Bros., Santa Rita 120 (Chile)  and Schmitt Söhne Family Wines (Germany). Transcendent Wines, Delicato’s Fine Wine Sales & Marketing portfolio, includes  such luxury brands as Black Stallion Limited Release, Diora, Dobbes Family Estate Wines and Wine by Joe, in addition to  imported luxury estate wines such as Schloss Vollrads, Franz Keller, and Bischöfliche Weingüter (Germany), Casa Real and  Triple C (Chile), and Torbreck Vintners (Australia). For more information, visit www.delicato.com.

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.