Sonoma Icon Sebastiani Sold for Rumored $47 Million
Posted: Dec 20, 2008 4:51pm ET
The Foley Wine Group has purchased Sebastiani Vineyards, one of the cornerstones of the Sonoma County wine industry for the past century, owner William Foley told Wine Spectator. The family-owned winery, founded in Sonoma in 1904, had been trying to sell its business in recent months, according to Mary Ann Sebastiani Cuneo, one of the principal owners.
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