More Details on Precept’s Deal with Diageo

Dear Client: As we told you yesterday, Washington's second largest wine company, Precept Wines, announced they have purchased Canoe Ridge Vineyard in Walla Walla and Sagelands Vineyard in Wapato from Diageo Chateau & Estate Wines. Alex Evans, svp of marketing for Precept, told WSD they have no immediate plans to change distributors, although they will look to ensure the brands are in the best house. When asked how negotiations were started, Alex said: "We were made aware that Diageo was