Coppola Winery & Delicato Family Wines to Merge Business
Delicato Family Wines and Francis Ford Coppola Winery announced a merger today that would make them the fifth largest supplier of wine by volume in the U.S. and the third largest exporter of California wines. Terms of the transaction were not disclosed, but the Coppola wine portfolio and two Sonoma County facilities will join Delicato under the deal.
Francis Coppola will receive an equity stake in Delicato and join the Board of Directors, while the company will continue to be managed by CEO Chris Indelicato. The two will focus on how to best combine the two companies over the next few months to ensure a seamless transition.
"There is a strong cultural fit between our two companies, and by combining two highly complementary portfolios, we create a more diversified winery,” said Indelicato. “This places us in a strong position in key growth categories to capitalize on positive market trends, drive profitable growth and create opportunities for our employees.”
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