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Delicato buys V2 Wine Group in premium push
Napa Valley-based Delicato Family Wines has acquired the V2 Wine Group as part of the firm’s ongoing shifting focus towards high-end wines.
As reported by the North Bay Business Journal, Delicato first invested in the V2 Wine Group in 2017, and a year later moved the company’s offices from Sonoma to Delicato’s base in Napa, with founders Dan and Katy Leese at the helm.
Following Delicato’s acquisition of the V2 Wine Group this month, Dan Leese is leaving the company to pursue a “leadership role in the spirits industry.”
This January Delicato formed an upscale division for its top drops called Transcendent Wines to integrate V2 Wine Group’s brands into the DFW portfolio.
The new fine wine division includes brands like Black Stallion Limited Release, Diora Wines and Dobbes Family Estate Wines.
Transcendent Wines also represents other wine brands from around the world in the US, such as Schloss Vollrads, Franz Keller, Bischöfliche Weingüter, Santa Rita’s Casa Real and Triple C, and Torbreck.
“As a result of this partnership with the Leeses, we have successfully attracted well-known and prestigious winemaking families to entrust their brands into our portfolio,” Delicato’s CEO, Chris Indelicato, said in a statement.
Delicato Family Wines produces around 11 million cases of wine a year across its portfolio, which includes the Gnarly Head and Three Finger Jack brands. Founded by the Indelicato family in 1924, Delicato is the sixth largest wine company in the US.