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Wednesday, June 1, 2011

Sign of the times. Another family winery sells out.

The second oldest family winery in Sonoma County, after Foppiano, has sold to a conglomerate.   Seghesio Family Vineyards got through Prohibition but didn't want to chance the current economy and I guess the money just looked too good.   The new owners are Crimson Wine Group that's part of a larger NY-based holding company which invests in everything from mining to real estate.

What does this mean for the Seghesio wine fan?  Nothing right now, but five years from now who knows.

In May Buena Vista, Gary Farrell, and Fetzer changed hands, but these were no longer family run wineries. 

Read all about it.