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Jackson Family's Banke keen for more deals
Oct 14, 2013
(Decanter) - Jackson Family Wines' chairman, Barbara Banke, is still keen to add vineyards to her haul of the past two years, with owners across Oregon and California more willing to consider offers than in the past.
Barbara Banke has just completed the acquisition of Solena winery in Oregon's Yamhill-Carlton district, a deal originally agreed in August and where Jackson will produce wines from its recently-acquired Gran Moraine vineyard in the same district. Financial details were not disclosed.
Since taking the reins of Jackson Family Wines in 2011 following the death of her husband, Jess Jacskon, Banke has added more than a dozen properties to the business. Some of the most notable were the firm's first foray into Oregon earlier this year, including the purchase of the Zena Crown vineyard from Premier Pacific Vineyards.
Another deal is understood to be close, but it is too early to release details, Banke told decanter.com during a visit to London last week for special tasting of her company's Cardinale, Lokoya and Verite ranges.
Commenting on possible future acquisitions, Banke added, 'Oregon is something we want to focus on a little bit more, [and] I like France and parts of Italy, so I might look for more there'. The group already owns Château Lassegue in France's St Emilion, and Tenuta di Arceno in Tuscany.
Banke's affection for Oregon reflects her belief in Pinot Noir. 'I think there's a lot of opportunity for that varietal. Burgundy is a small producer, and really it doesn't grow in many places very well.'
But, volumes are a challenge. 'In Oregon, the yields are very small. It's two tonnes per acre when you're lucky.'
Read more at http://www.decanter.com/news/wine-news/584456/jackson-family-s-banke-keen-for-more-deals#EJjXmalsGJjE2Rzb.99
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