E. & J. GALLO ANNOUNCES PURCHASE OF TALBOTT VINEYARDS

8.26.2015

MODESTO, Calif. (August 26, 2015) - E. & J. Gallo Winery (Gallo) announced today that it has agreed to purchase Talbott Vineyards, one of California's largest and most esteemed producers of 100% estate-grown wines. Talbott Vineyards is located within the premier Santa Lucia Highlands appellation near Monterey Bay and produces a variety of wines, specializing in Chardonnay andPinot Noir.

Robb Talbott launched Talbott Vineyards in 1982 and built the original winery in Carmel Valley. "After more than 33 years dedicating my life to the establishment and growth of Talbott Vineyards, I am pleased to transition ownership of our wonderful company to E. & J. Gallo. They represent the same commitment to quality that has been part of our heritage since the beginning," said Robb Talbott. He added, "My family and I are grateful to all of those that have been part of the journey, and are confident that the future for Talbott Vineyards will be secured by E. & J. Gallo."

The acquisition supports Gallo's existing presence and properties in California’s Central Coast wine region. The sale includes the Talbott brand, the winery located 21 miles south of Monterey Bay and the prestigious 525-acre Sleepy Hollow Vineyard, which Talbott purchased in 1994. Additionally, Gallo will continue to operate the Talbott Vineyards tasting room in Carmel Valley.

According to Roger Nabedian, Senior Vice President and General Manager of Gallo's Premium Wine Division, "Talbott Vineyards has an exceptional reputation for producing world-class Chardonnay and Pinot Noir from the Santa Lucia Highlands." He added, "As this region's unique characteristics become more widely known, we see a great future for Talbott Vineyards as part of our fine wine portfolio. We look forward to continuing to deliver credible and award-winning wines."

Gallo already owns thirteen wineries strategically located in wine regions throughout California and Washington.

The sale is scheduled to close on September 4, 2015. Terms of the deal were not disclosed.

About E. & J. Gallo Winery
Founded by brothers Ernest and Julio Gallo in 1933 in Modesto, California, E. & J. Gallo Winery is the world’s largest family-owned winery and the acclaimed producer of award-winning wines and spirits featured in more than 90 countries around the globe. A pioneer in the art of grape growing, winemaking, sustainable practices, marketing and worldwide distribution, Gallo crafts and imports wines and spirits to suit a diverse range of tastes and occasions, from everyday offerings to boutique, luxury bottlings.

The Gallo portfolio is comprised of more than 80 unique brands, including Barefoot Cellars, Dark Horse, and Gallo Family Vineyards, as well as premium box wines The Naked Grape and Vin Vault. Premium offerings include Apothic, Carnivor, Columbia Winery, Ecco Domani, Edna Valley Vineyard, J Vineyards & Winery, Louis M. Martini, MacMurray Estate Vineyards, Mirassou, Orin Swift, Souverain, Talbott Vineyards, and William Hill Estate, along with highly acclaimed imports, such as Alamos, Brancaia, La Marca, Las Rocas, Martín Códax, Whitehaven, and LUX Wines, importers of Allegrini, Argiano, Jermann, Pieropan and Renato Ratti. Gallo Spirits offers New Amsterdam Vodka and Gin and E&J Brandy, in addition to imported Scotch whiskies from Whyte & Mackay, including The Dalmore, Jura Single Malt and John Barr Blended.

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