This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
News
Santa Margherita owners purchase Willamette Valley’s Roco Winery
Pinot Grigio stalwart Santa Margherita Wines, owned by the Marzotto family, has acquired Roco Winery in Willamette Valley, the company’s first outside of the family’s native Italy.
Per Wine Spectator, the acquisition includes Roco Winery’s winemaking facility, brand identity and current stock. The financial terms of the deal were not disclosed.
Gaetano Marzotto, chairman of Santa Margherita Gruppo Vinicolo said in a statement:
“Our affinity and admiration for the U.S. made the location of our first international winery venture a natural choice.
“The U.S. marketplace is dynamic, and we believe in the quality of Oregon wines, specifically from the Willamette Valley region.”
Roco’s founders, Rollin Soles and Corby Stonebraker, will continue to hold a minority share and sole ownership of Wit’s End vineyard under the purchase agreement.
“They looked everywhere in the United States and they chose Willamette Valley. Who am I to argue?” Soles said of the acquisition.
”I’ll keep a strong hand on the tiller. I’ll hang around as long as they let me hang around.”
Santa Margherita plans to expand on Roco Winery’s current output of 15,000 cases per year, and the company has indicated that it will continue to monitor further acquisition opportunities in the United States.
Roco Winery primarily produces Pinot Noir and Chardonnay.
Read More: NBA star CJ McCollum purchases Oregon vineyard property.
H/T: Wine Spectator.
Related news
Grammy-winning Ariana Grande bewitched by Barolo
Ferrari Trento unveils F1 podium bottle for Vegas race
What the US wine industry needs from its next agriculture secretary