Quintessential buys Accolade’s American wine portfolio

Quintessential Wines has reportedly bought Accolade’s American wine brand portfolio in a deal effective from 1 August.

The acquisition includes four Accolade wine brands, Geyser Peak and Atlas Peak from Napa Valley, and Outlot and XYZin from Sonoma county.

NBBJ quoted Quintessential co-owner Dennis Kreps as saying: “It is an honour to procure such a prestigious and historic portfolio of wines, including the iconic Geyser Peak.

“As Geyser Peak enters its 140th anniversary this year, our main focus will be in growing its footprint and continuing to restore the wine to its former glory.”

The transaction follows after Quintessential recently announced the addition of several wines from Australia, New Zealand, Italy and the UK, which are part of Accolade Wines.

Accolade has 51 brands sold in more than 140 countries.

In May, Accolade Wines selected Quintessential to represent its brands in the US market.

The journal quoted Accolade Wines CEO Robert Foye as saying: “Our decision to exit wine production in the US reflects our sharpened focus on building core international brands and markets.

“We couldn’t think of better custodians of Geyser Peak and its sister brands than the Kreps family. The North American market remains enormously important for Accolade.

“Through our partnership with Quintessential, we are tapping into the huge potential to grow some of our iconic labels, including Hardy’s, Grant Burge, St Hallett and Mud House.”