Banker teams with Sonoma wine industry vets to buy wine brands
on 19/02/11 at 9:27 pmWine
The group is looking to take advantage of record-low pricing on vineyards and wineries.
Hambrecht, a longtime Sonoma County vineyard owner, is partnering with Phil Hurst, Paul Dolan and son Heath Dolan, owners of Truett Hurst Winery in Healdsburg.
Hambrecht has taken a 25 percent stake in the venture. The price is said to be in the millions of dollars.
The group plans to buy two to three wine brands this year and five in the next three years, the report says.