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Beringer Finalizes Deal to Buy St. Clement in Napa Valley

Dana Nigro
Posted: September 1, 1999

Beringer Wine Estates confirmed that it has agreed to purchase Napa Valley-based St. Clement Vineyards from Japanese brewer Sapporo USA, as reported early last month. The company declined to disclose the sale price.

The deal includes St. Clement's stone winery in St. Helena, the historic house that contains its hospitality center and the 21-acre Abbott's Vineyard in Carneros, from which St. Clement makes a highly rated single-vineyard Chardonnay.

"This ultrapremium winery's 24-year track record for producing high-quality Napa Valley appellation wines makes it an excellent addition to our current portfolio," said Beringer Wine Estate chairman and CEO Walt Klenz. "Our plan is to continue and build on this record."

St. Clement, founded in 1975, currently produces about 20,000 cases annually of Napa Valley Cabernet Sauvignon, Chardonnay and Merlot, including some proprietary and single-vineyard wines.

Beringer Wine Estates, one of the dominant players in the California wine market, consists of Beringer Vineyards and Stags' Leap Winery in Napa Valley, Meridian Vineyards in Paso Robles, Chateau St. Jean and Chateau Souverain in Sonoma County and the Napa Ridge brand. The publicly held company also owns more than 10,500 acres of vineyard land in California's coastal regions.

For the previous news report on this subject:

  • Aug. 3, 1999
    Beringer Poised to Buy St. Clement Vineyards

    For recent ratings of St. Clement and Beringer wines, check the Wine Search.

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