The combined entity will also be the fifth-largest supplier by volume across all price points and the No. 3 exporter of California wines. Terms weren’t disclosed. The transaction is subject to regulatory approval.
Under the terms of the agreement, the Francis Ford Coppola wine portfolio and two facilities anchored in Sonoma County, the Francis Ford Coppola Winery and the Virginia Dare Winery located in Geyserville, including the Archimedes Vineyard, will join Delicato.
As a long-time leader in the wine industry, Francis Coppola will have an equity stake in Delicato Family Wines and join Delicato’s Board of Directors. His renowned innovation and influence in fine wine will be pivotal in guiding the continued growth of Delicato for years to come. The company will continue to be
managed by President and Chief Executive Officer, Chris Indelicato, and Corey Beck will join Delicato’s executive leadership team as EVP, Production and Chief Winemaker.
The brand portfolio will join strong brands such as 1924, Three Finger Jack, Z. Alexander Brown and will be led by Delicato’s Bota Box, the fastest-growing brand in any wine segment, and Coppola Diamond, the No. 3 brand in the domestic super-premium category. These “must-have” brands will enable Delicato to further grow its portfolio, as well as to compete forcefully in new segments.
“Over my lifetime, Coppola has become a household name across America,” Francis Ford Coppola said. “What started as a dream to buy a family cottage in Napa Valley turned into a million+ case business producing iconic award-winning wines. I am proud to announce that I have found the perfect fit to take our Family winery to even greater heights. Delicato is also family-owned and shares similar core values as both companies are anchored by long-term sustainable focus and a foundation built on family values: Integrity,
Respect, Quality, Accountability, Partnership, Excellence, and Community.”
Chris Indelicato, CEO of Delicato, concurred: “There is a strong cultural fit between our two companies, and by combining two highly complementary
portfolios, we create a more diversified winery.”
Inglenook and Domaine de Broglie Winery and vineyard will remain separately owned and run by Francis and the Coppola Family.