Marin County-based O’Neill Vintners & & Distillers has purchased a FitVine White wine which produces low sugar, complete alcohol red wines.
“Our focus for the last seven years has actually been to construct a portfolio of terrific brands attracting the contemporary wine drinker,” stated Jeff O’Neill, the Larkspur company’s founder and CEO, in the news release. “We see a tremendous chance to continue to enhance and broaden FitVine nationally driven by our business group, suppliers and trade partners.”
BERKS Group, was the majority owner of FitVine. The purchase price for the brand was not disclosed.
“We are exceptionally pleased with the wellness brand name we have built in partnership with Tom and Mark and are positive FitVine red wines will continue to deliver exceptional quality and openness to consumers under the management of the talented team at O’Neill,” stated Eric Bradley, executive vice president at BERKS Group.
Classic White wine Estates reports incomes
Vintage Wine Estates reported on Wednesday that its profits grew 40% for the previous quarter compared to the exact same period in 2015 as a result of its broadening portfolio.
The company, which has its main headquarters in Santa Rosa and owns B.R. Cohn Winery in Glen Ellen and Kunde Family Winery in Kenwood, reported that its profits was $77.9 million was up $22.2 million with growth in its wholesale, direct-to-consumer and private labels systems.
“Overall, we are driving customer need for our excellent portfolio of diversified products while making clever financial investments to sustain growth,” said CEO Pat Roney in a declaration.
The business did publish a $2.1 million loss in net income for the past quarter compared to the same duration in 2015 that it attributed to operating costs that become part of scaling up its organization after going public last year. The company acquired Ace Cider of Sebastopol last year, which has actually been an intense spot in its wholesale growth.
Winery to use hazard pay for employees
A Sonoma County wine-and-food venture has committed to paying farmworkers more for going out into smoky or other potentially hazardous conditions to select grapes or other essential work.
Sonoma Valley-based Eco Terreno Wines & & Vineyards, owned by previous longtime Sebastiani Vineyards winemaker Mark Lyon, in late October finalized an arrangement to pay its dozen field workers time-and-a-half for outdoors work when the air-quality index goes above 150– a level thought about unhealthy for most people.
The announcement follows a similar move by Gallo of Sonoma previously this year.
Labor supporters have actually raised concerns over field teams working in smoky air during the string of extensive North Bay wildfires at harvest in the last few years.
“It was currently in our ethos to be able to look after our employee,” stated Rob Izzo, general manager.
Lyon started Eco Terreno in 2012 while he was still at Sebastiani, where he had been making red wines since 1985. It has two residential or commercial properties with 103 of its 163 total acres planted with vineyards and lies near Cloverdale in the Alexander Valley appellation.
The North Bay Service Journal contributed to this post. Assembled by Costs Swindell. Send items to [email protected].