Thursday 18 January 2018

18 January 2018 - California, US-based Vintage Wine has acquired Washington, US-based wine producer Tamarack Cellars, regarded for its range of wines including Firehouse Red blend, Merlot and Cabernet Sauvignon, as well as a number of limited-production, single-vineyard reserve blends sourced from the state's top vineyards, the company said.
Financial terms were not disclosed.
The acquisition of Tamarack expands Vintage Wine's footprint in the Pacific Northwest, US.
The purchase of Tamarack Cellars follows the recent acquisition of the California brands Layer Cake, Cherry Pie and If You See Kay, a deal that closed on January 2, 2018.
Tamarack Cellars is housed in a renovated firehouse in a World War II army base in Walla Walla, Washington. Case production is approximately 25,000 cases and the purchase includes inventory, grower contracts and tasting room.
Vintage Wine Estates is a privately held wine company owned by a group of vintner families that own a collection of winery estates and brands.
The vintner produces wines from Napa, Sonoma, Mendocino and other California winegrowing regions.
Metis, an Exvere company, advises Pacific Northwest businesses on capital transactions including mergers, acquisitions, and recapitalisations. Metis offers concentrated experience and expertise in the Pacific Northwest wine, adult beverage, and hospitality industries.
Metis, an Exvere company, served as the exclusive financial and transactional advisor to Tamarack Cellars.