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The largest American producer Delicato Family Wines became the buyer of the Coppola winery.
In addition, Delicato also acquires the Virginia Dare winery in Geyserville, including the Archimedes vineyard, as part of the deal.
Following the merger, Delicato will become the fifth largest producer in the United States and the third largest exporter of Californian wines.
Chris Indelicato, Chief Executive Officer, noted, “Today marks a historical milestone for the company as we welcome the Francis Ford Coppola Winery and their brands under the Delicato portfolio. As the winery has accelerated growth over the last five years, today earmarks the continuation of our family’s work and the culmination of a shared vision to lead the industry.”
Founded in 1924, Delicato Family Wines is one of the ten fastest growing wine companies in the United States. Its portfolio includes the brands Diamond Collection, Noble Vines, Gnarly Head, Z. Black Stallion and Three Finger Jack.
Francis Ford Coppola Winery produces over 40 wine brands, and the average price ranges from $ 10 to $ 30 per bottle. Vineyards occupy 2 thousand hectares of the surrounding area. One of the most significant Coppola brands that Delicato will add to its portfolio will be Coppola Diamond, the No. 3 US super premium wine brand, with the Classic Diamond Cabernet Sauvignon and the bestselling Diamond Claret in the Coppola family.