The Tommasi winery of Italy's Veneto region has purchased a significant share of Fattoria La Massa, an estate in Panzano in Tuscany's Chianti Classico region. The deal was signed Nov. 23. The percentage of shares and the price were not disclosed.
Ermen Minari, an Italian entrepreneur, also invested in the deal. La Massa owner and founder Giampaolo Motta will retain ownership of the remaining share of the company.
“[La Massa] was in need of restructuring to be able to invest for the future,” Tommasi executive director Pierangelo Tommasi told Wine Spectator. “We at Tommasi have been looking for a Chianti Classico project for a long time …. We have known [Giampaolo] for several years and understood the opportunity to do something together at La Massa; we decided to pursue this opportunity.”
“We will define some rules more specifically in the next few weeks, but it is clear and agreed that Giampaolo and his team will continue to look after the vineyard and wine production, in synergy with my cousin Giancarlo [Tommasi, the company's winemaker] and our team,” added Tommasi.
The agreement will give La Massa more resources, the possibility of planting additional vineyards on the property and help it grow the wines' distribution in markets around the world.
Founded in 1992, La Massa occupies 111 acres, 67 of which are planted to vines, in the Conca d’Oro of Panzano, an amphitheater of vineyards that is also home to top Chianti names likes Fontodi and Castello di Rampolla. It makes modern-style super Tuscan reds, led by its flagship Giorgio Primo, a blend of Merlot, Cabernet Sauvignon and Petit Verdot. Total production is 12,000 cases.
The Tommasi winery is based in Valpolicella, but now makes an average of 250,000 cases per year from multiple regions. Tommasi’s latest investment increases its presence to three estates in as many different areas of Tuscany. In 1997 it bought Poggio al Tufo in the Maremma, replanting the existing 148 acres of vines, eventually expanding to 222 acres. In 2013, the company purchased an additional 198 acres from a winery in Scansano, for a total of 420 acres in the Maremma. It then gained a foothold in Montalcino with the purchase of Podere Casisano and its 54 acres of Sangiovese in 2015.
“La Massa makes great wines and has a great brand. We are very happy to be part of it,” said Tommasi. “I can assure that La Massa has a great future ahead.”
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