Huneeus Vintners Buys Napa Valley's St. Clement Vineyards From Treasury Wine Estates
November 21, 2016
Treasury Wine Estates has sold Napa Valley’s St. Clement Vineyards to Napa-based Huneeus Vintners LLC, according to public records and company representatives.
The sale includes the historic house, winery and estate vineyard but not the St. Clement wine brand, inventory or intellectual property, according to representatives for Huneeus Vintners and Treasury Wine Estates.
Both parties declined to disclose the sale price.
St Clement Vineyards’ tasting room closed Sept. 25, according to Treasury Wine Estates. spokeswoman Megghen Driscol.
Treasury Wine Estates will produce St. Clement wines at its facility on Pratt Avenue in St. Helena. Treasury Wine Estates also continues to sell the brand. It also keeps St Clement’s inventory and intellectual property.
Public records show the deed was transferred to Huneeus Vintners on Oct. 27.
Joel Fisher, a representative for Huneeus Vintners, on Friday confirmed the sale of the former home of St Clement Vineyards at 2867 St Helena Hwy, St Helena.
“They are very excited to be the new stewards of this historic property. The purchase includes the historic house, winery and a small estate vineyard, but does not include the St Clement brand or inventory. Beyond this, the company is not providing additional details at this time,” Fisher said. The historic house was built in 1878, according to St. Clement’s website.
Treasury Wine Estates spokeswoman Megghen Driscol said “This sale is consistent with public statements previously made by the Company’s leadership team, which are fully aligned with the Company’s global strategic roadmap.
“Selling the St. Clement site continues to remove cost and complexity from TWE’s supply chain, and enables the Company to further focus and invest in its priority brands, including those recently acquired from Diageo,” she said. “All existing St. Clement employees have been re-assigned to other TWE sites, and as such there will be no job redundancies as a result of the sale.”
Huneeus Vintners in April sold Prisoner Wine Co. to Constellation Brands Inc. for $285 million, according to news reports. This summer, Huneeus Vintners purchased 4035 Westside Road near Healdsburg, Sonoma County, home to VML Winery and another winery. The sale took place just before the property, which had belonged to investment banker Bill Hambrecht, was in receivership when it was sold.
Phil Hurst, president/CEO of Truett-Hurst said VML’s tasting room on Westside Road will move at the end of December to 5610 Dry Creek Road estate near Healdsburg. The company is building a separate tasting room for VML on Dry Creek Road. VML’s production and winemaking will leave Westside Road in May 2017, Hurst said.