The duckhorn portfolio announces an agreement to acquire sonoma-cutrer vineyards

St. helena, calif.--(business wire)--the duckhorn portfolio, inc. (nyse: napa) (the “company”) announced today that it has entered into a definitive agreement to acquire sonoma-cutrer vineyards (“sonoma-cutrer”), one of the largest luxury chardonnay wineries in the u.s., from brown-forman corporation (“brown-forman”), for approximately $400 million to be paid in a combination of company stock and cash. sonoma-cutrer vineyards was founded in 1973 and released its first wine in 1981. it has grown.
NAPA Ratings Summary
NAPA Quant Ranking