SLWC Sold!

Wow!

Warren Winiarski announced on Monday the sale of Stag's Leap Wine Cellars to a joint venture between Marchese Antinori and UST, Inc (NYSE UST), owners of Ste. Michelle Wine Estates. The $185 million sale price was disclosed yesterday.

The acquisition, although characterized as a small by Reuters, is big news in the wine industry. It is also the most surprising sale, following similar news this week from Duckhorn Wine Company and William Hill Estate.

For greater detail, please see this article from the San Francisco Chronicle.