California wine brands Stag's Leap, Patz & Hall part of $1.2B Ste. Michelle Wine Estates portfolio dealJuly 12, 2021
The agreement with Sycamore Partners Management LP, announced Friday, includes about two dozen brands and nine wineries in Washington, California and Oregon plus 2,800 acres of vineyards, mostly in Washington. Ste. Michelle sources from nearly 30,000 acres of grapes in the three states. Total wine shipped last year was the equivalent of 7.3 million 9-liter cases.