Deals this week: Schottenstein Family, Andrew Peller
Schottenstein family has acquired both Napa Valley and its Mayacamas Vineyards, which are spread over 50 acres in California, US.
Mayacamas Vineyards winemakers Andy Erickson and Phil Coturri have joined Schottenstein’s team as a result of the transaction.
Andrew Peller has reached an agreement to acquire Black Hills Estate Winery and Gray Monk Estate Winery.
The company has concurrently signed a letter of intent to acquire Tinhorn Creek Vineyards. The total purchase consideration for the deals is C$95m ($78.17m).
Based in Canada, Andrew Peller produces and markets wines.
The wineries and the vineyard are all located in Canada.