Vincor Buys The Hogue Cellars
by WBM Staff
Sep 2001 Issue of Wine Business Monthly
Vincor Buys The Hogue CellarsVincor International Inc. announced an agreement to purchase The Hogue Cellars, currently the second largest overall wine producer in Washington state. The acquisition is subject to Vincor obtaining financing for the $36.4 million purchase and includes the repayment of some debt but not Hogue's 500 acres of vineyards. After additional "acquisition costs" are tallied, Vincor will wind up paying $44 million. "The acquisition of Hogue Cellars significantly further...
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