E. & J. Gallo Winery Purchases Talbott Vineyards

MONTEREY COUNTY, CA--(Marketwired - Aug 27, 2015) -  Robert Talbott, Inc. announced today that an agreement has been reached to sell the Talbott Vineyards business and related assets including their Sleepy Hollow Vineyard in Monterey County's Santa Lucia Highlands to E. & J. Gallo Winery.

In 1982 Robb Talbott established one of the California Central Coast's most highly regarded estate-grown Pinot Noir and Chardonnay programs at Talbott Vineyards. This was developed by featuring two of Monterey County's grand cru vineyard sites: The Diamond T Vineyard in Carmel Valley and the legendary 525 acres of vineyard at Sleepy Hollow, in the Santa Lucia Highlands. The two vineyards offer different growing conditions, yielding rich and distinctive Pinot Noirs and Chardonnays that embody their unique terroirs.

"Our family is proud of our pioneering role in Monterey County winemaking and viticulture over the last thirty plus years and in building the Talbott Vineyards reputation for outstanding Pinot Noir and Chardonnay," said Robb Talbott. "Beginning in the mid 1990's, we sold grapes from our Sleepy Hollow Vineyard to the Gallo family and we are delighted to have now found the right way to transition the ownership of our vineyards and winery to another family in the wine business who will build on the Talbott reputation for quality. My family and I are grateful to all those who have been part of the journey, from our employees, to our nationwide distributors and their accounts. We never could have built this wonderful Company without them."

International Wine Associates of Healdsburg, California serves as the exclusive M&A advisors to and represents Talbott Vineyards in this transaction.

The sale is scheduled to close on September 4, 2015. Terms of the transaction were not disclosed.

For information on Talbott Vineyards: www.talbottvineyards.com
For information on E. & J. Gallo Winery: www.EJGallo.com
For information on International Wine Associates: www.intlwine.com