GALLO PURCHASES WILLIAM HILL ESTATE FROM BEAM GLOBAL

E&J Gallo announced yesterday they have agreed to purchase Napa-based William Hill Estate from Beam Wine Estates (a division of Beam Global), which specializes in Cabernet and Chardonnay. The acquisition includes the Silverado Trail winery and its 145-acre Silverado Bench vineyard just east of the Napa River.In addition, Gallo also purchased the Canyon Road wine brand and related assets from Beam Wine. The transaction is expected to close in the next few weeks. Terms of the deal were not disclosed.