June 15, 1999 Canandaigua Buys Napa Valley's Franciscan Estates in Blockbuster Deal In one of the biggest California winery deals ever, New York-based Canandaigua Brands bought Napa Valley-based Franciscan Estates in late April for about $240 million, which includes the assumption of $20 million in debt.
For the full article, check out the new issue of Wine Spectator, on newsstands June 15, 1999.
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