Napa Valley's Peju Province Winery has purchased the Acacia Vineyard and Winery facility from Diageo, as the global drinks giant continues to shed its wine brands. Located on a 100-acre estate in Napa Valley's Carneros wine region, Acacia Vineyard and Winery has an annual production capacity of 100,000 cases and is suited for growing Chardonnay and Pinot Noir grapes. Peju is also considering a custom-crush program. While it will be owned by Peju Province, the facility will be operated under a yet-to-be-determined brand name.
Last fall, Diageo agreed to sell most of its U.S. and U.K. wine interests to Treasury Wine Estates for $600 million, including the Acacia brand, but not the winery, in a deal that also included Beaulieu, Sterling, Provenance, Rosenblum, Hewitt and Blossom Hill, among others. Monterey County's Chalone remains with Diageo for now, but is on the selling block.
This story first appeared at sister publication Shanken News Daily.