Beckstoffer Vineyards Buys 121-acre vineyard in Carneros from Treasury Wine Estates
July 19, 2017
Beckstoffer Vineyards has purchased a 121-acre vineyard in Carneros from Treasury Wine Estates, according to Napa County records.
Beaulieu Vineyard Number 5 – or BV5 - was purchased for $14.3 million late June, according to Napa County Records. Treasury Wine Estates Americas Co. president Bob Spooner signed the grant deed on June 30.
Beckstoffer Vineyards farms more than 1,000 acres in Napa County, including the historic To Kalon Vineyard, as well as Melrose Vineyard, Las Piedras Vineyard and George III Vineyard, a 300-acre parcel Beaulieu founder Georges de Latour purchased in 1928.
In Carneros, the company also owns 44-acre Carneros Creek Vineyard and 128-acre Carneros Lake/Las Amigas Vineyard.
Andy Beckstoffer, chairman and chief executive officer at Beckstoffer Vineyards, could not be reached to comment on the purchase of BV5.
Australia-based Treasury Wine Estates operates about 3,410 acres in Napa County. Most of these properties are leased including its biggest ranch, Gamble Ranch. In 2015, Treasury Wine Estates acquired ost of Diageo PLC’s wine business for $552 million.
Justine Porter-Rebien, a spokeswoman at Treasury Wine Estates, said in an email “TWE takes a portfolio approach to managing its vineyard assets to achieve the right balance across the Company’s owned, leased and grower vineyards, and to maintain access to high quality fruit.”
“As part of our ongoing supply chain optimisation initiative, we look to optimise our viticultural assets across all regions and the sale of BV5 in Carneros was part of that process,” Porter-Rebien added.
Beckstoffer Vineyards also operates more than 1,300 acres in Mendocino County and another 1,300-plus acres in the Red Hills of Lake County. BV5 is certified as Fish Friendly Farming, according to the program’s website.