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-0.000301232314011813 0 0.000456412596987748 0.000456412596987748 0.00182565038795067 0.0036513007759015 0.0036513007759015 0.00228206298493842
Stock impact report

Duckhorn Portfolio to acquire North Coast Winery and Vineyards [Yahoo! Finance]

The Duckhorn Portfolio, Inc. (NAPA) 
Company Research Source: Yahoo! Finance
The company is aiming to boost production capacity through the deal, which includes fully operational and “modern” winemaking equipment. The property also includes over seven acres of planted Cabernet Sauvignon. The transaction is expected to close in the fourth quarter of Duckhorn's fiscal 2023 year, which runs to the end of July. “We view this acquisition as an investment in our future growth and in our winery brands, a continuation of our long-term strategy of expanding and diversifying our luxury wine production capabilities,” Duckhorn Portfolio CEO Alex Ryan said. “Production wineries of this scale are rarely available in this area, and this acquisition reduces our reliance on third-party custom processing, storage and bottling, and further optimises our production processes, supporting the stability of the company's growth.” Co-founders Dan and Margaret Duckhorn sold a majority interest in the company to GI Partners in 2007, which sold its stake to TSG Consumer Partners i Show less Read more
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