Cultivate Wines founders Charles and Ali Banks, in partnership with Ohio-based entrepreneur Jay Schottenstein and his son Joey, have purchased Mayacamas Vineyards in California for an undisclosed amount.

Founded in 1889, the property includes 52 acres of vineyards planted on the mountain slope.

The vineyard is well known for producing Cabernet Sauvignon from mountain fruit.

Located at the edge of a volcano crater, the estate has a winery building made with gravity-fed design.

Charles was quoted by as saying that they partnered with Schottensteins because of their experience and dedication towards preserving historic properties.

"It’s our intention to respect this historic property, while rehabilitating the vineyards and winery; a process that will need to be undertaken in order to restore Mayacamas to its original celebrated state," Charles added.

"The soils of this site are volcanic; ash, lava, sedimentary soils, tufa.

"We are looking forward to being stewards of this cherished site, while exploring its potential even further."

During the 1970’s, the 1974 and 1975 Mayacamas Vineyards Cabernets were hailed as the finest wines ever produced in the US.

The 1971 Mayacamas Vineyards Cabernet Sauvignon is also well known for being placed in the Judgement of Paris tasting in 1976.

The wine had since been placed in the top positions at Paris tastings from 1986 through 2006, beating all of the French wines.