Gallo has sold its Wild Horse Winery facility in California to US peer Continental Wine Collection (CWC).
The deal only includes the “real estate and equipment” as Gallo is “retaining the Wild Horse brand,” Jenny Heinzen, a vineyard agent who managed the transaction, told Just Drinks.
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In a statement, Heinzen described the acquisition as “a significant milestone in CWC’s commitment to legendary vineyards within the Paso Robles AVA [American Viticultural Area]”.
Heinzen, who the former Wild Horse “has not been operated in several years”, added Gallo and CWC wanted to keep the terms of the deal confidential.
CWC manages the Continental Vineyard, established in 1973, which consists of a 2,500-acre estate. Its portfolio includes brands Broken Earth, Pull Wines and CV Wines.
In a brief statement, Gallo said: “Gallo recently sold the Wild Horse property after acquiring it in 2021 with the purchase of several Constellation Brands. No Gallo employees are affected by the sale, and Gallo continues to produce and market Wild Horse wines.”
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By GlobalDataThe US wine giant declined to comment further. In 2023, the privately-owned group made two acquisitions in Napa Valley – Massican Wines and Rombauer Vineyards – and snapped up the Hahn Family Wines portfolio of brands.
Last month, Gallo announced plans to expand a spirits production plant in South Carolina for its New Amsterdam vodka and High Noon hard seltzer RTDs.
