The Sierra Madre Vineyard property acquired by Gallo has about 151 acres planted to vine, and supplies grapes to about 35 wineries, ranging from small boutique wineries to large wine companies. As part of the agreement, Gallo will honor all grape contracts with existing Sierra Madre Vineyard customers. Other terms weren’t disclosed.
First planted to vineyard in 1971, Sierra Madre Vineyard has a long, storied history of producing some of the highest-quality Pinot Noir and Chardonnay from Santa Barbara County. Just 15 miles from the Pacific Ocean, Sierra Madre Vineyard is known for its sandy-loam soils and cool growing season, which allow the grapes to ripen slowly, while developing intense structure and flavor.
“Our family has a 35-year history in agriculture on the Central Coast, and we remain wholeheartedly committed to the region,” said seller Doug Circle of Circle Vision, LLC. To that end, he added, “We feel blessed to have had the opportunity to shepherd this magical Central Coast vineyard for 15 years of its exceptional 47-year history and are pleased that it is now passing to another family who will responsibly steward it into its next chapter.”
Gallo currently owns and operates Edna Valley Vineyard, Bridlewood Estate Winery, and Talbott Vineyards in California’s Central Coast.
International Wine Associates served as the exclusive financial advisor for Sierra Madre Vineyard.