Gallo to Purchase Edna Valley Winery

Dear Client:In the latest development in wine industry consolidation, E & J Gallo announced an agreement to purchase Edna Valley Vineyard from Diageo Chateau & Estate Wines and Paragon Vineyard Company, who both held the winery in a joint venture. Gallo will continue to partner with Paragon as a source of grapes for the winery. Included in the purchase are the winery, the brand, and 62 acres of which 44 acres are planted in Chardonnay and Pinot Noir, said the