Duckhorn Acquires Sonoma-based Winery and Vineyards

Dear Client:     The Duckhorn Portfolio announced today that it has entered a definitive agreement to acquire an unnamed north coast winery and vineyards. The transaction, valued at $55 million, includes a production winery and over seven acres of planted vineyards in the Alexander Valley, Sonoma, California. The acquisition will add to Duckhorn's production capacity and allow access to a "fully operational and modern facility, with state-of-the-art winemaking equipment appropriate for premium wines," per release.  "We view this acquisition as