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July 26, 2017 | 6:53 AM

Breaking News: We received this statement regarding ownership changes at Adelsheim Vineyard. 

In Order to Remain Locally and Independently Owned, Founders David and Ginny Adelsheim Sell Their Ownership to Lynn and Jack Loacker, Co-Owners Since 1994

Newberg, Oregon (July 24, 2017) – Adelsheim Vineyard announces today that Lynn and Jack Loacker have purchased the ownership of David and Ginny Adelsheim and are now 100% owners of the winery, started in 1971.

“Nearly 25 years ago, we made a commitment to Adelsheim Vineyard and became partners with David and Ginny. It’s a partnership we’ve enjoyed immensely. We all agree that keeping the winery in the hands of local owners should be the future for Adelsheim Vineyard. We thank David for his years of dedication and leadership. It is an honor for us to ensure that his vision and legacy continue.” – Lynn and Jack Loacker

Founder David Adelsheim recently transitioned all day-to-day operations, including vineyard and winery, finance, administration, marketing, and sales, to new CEO, Joth Ricci. David will continue an active role with the winery, focusing on large picture issues like the legacy of the winery, the role of the wine industry in Oregon, and expanding export sales.

“For 46 years, this industry has been my life. It is the fulfillment of a dream Ginny and I had when we were in our 20’s. I have to admit there is a bittersweetness to stepping away from ownership, but I am excited to be able to continue work in the areas that are critical to the winery and the state. Ginny and I are grateful to our long-time partners Lynn and Jack Loacker, who are committed to keeping Adelsheim independent and locally owned, and to our new CEO, Joth Ricci, who has an amazing set of business skills (that I never had) and will be able to lead the winery into an amazing future.”- David Adelsheim

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