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Exclusive: Constellation Buys Napa Cabernet Star Schrader Cellars
Jun 18, 2017
(WineSpectator) - Drinks giant Constellation Brands has purchased Napa Valley cult winery Schrader Cellars, founder Fred Schrader told Wine Spectator. The blockbuster deal gives Constellation one of the elite names in Napa Cabernet, known for its Beckstoffer To Kalon Vineyard cuvée and several other notable bottlings.
The deal includes the brand and long-term contracts with multiple distinguished vineyards. Schrader owns no vines of its own. Neither side would disclose a price, but Constellation will be required to eventually as a publicly traded company. Schrader Cellars produces between 2,500 and 4,000 cases of Cabernet from Beckstoffer To Kalon, Beckstoffer Georges III in Rutherford and Las Piedras Vineyard in St. Helena annually. The sale includes the 2015 and 2016 vintages, which are still in barrel, as well as part of the winery’s inventory.
Fred Schrader said the agreement is for the new owners to leave the operation and brand alone. "It makes perfect sense," Schrader told Wine Spectator. "They’re committed to keeping this an elite brand and build on it. For me, it’s my legacy." The Schraders have no children or heirs. Thomas Brown will remain as winemaker, production will continue at Outpost on Howell Mountain, and Fred and Carol Schrader will stay on as the public faces of the company. The Schraders retain ownership of their two Pinot Noir labels, Boars’ View and Aston Estate.
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