Precept Acquires Ste. Chapelle Winery

Dear Client: Washington-based Precept Wines has acquired Idaho's Ste. Chapelle Winery from Ascentia Wine Estates. This move solidifies Precept's presence in Idaho - it already owns Sawtooth Estate Winery in Idaho's Snake River Valley - and makes it the second largest wine company in the Northwest after Ste. Michelle Wine Estates. Financial details were not disclosed. Recall last week there were rumors that Gallo may make a play for Ascentia's Columbia Winery and Covey Run. It remains to be seen