Delicato Family Wines and Francis Ford Coppola Winery announced June 24 that they will join forces. The Francis Ford Coppola wine portfolio and two facilities anchored in Sonoma County, the Francis Ford Coppola Winery and the Virginia Dare Winery located in Geyserville, CA, including the Archimedes Vineyard, will join Delicato.
Francis Coppola will have an equity stake in Delicato Family Wines and join Delicato’s board of directors. The company will continue to be managed by president CEO Chris Indelicato; Corey Beck will join Delicato’s executive leadership team as executive vice president, production and chief winemaker. Inglenook and Domaine de Broglie Winery and vineyard will remain separately owned and run by Francis and the Coppola Family.
The brand portfolio includes 1924, Three Finger Jack, Z. Alexander Brown and will be led by Bota Box, the fastest-growing brand in any wine segment, and Coppola Diamond, the #3 brand in the domestic super-premium category. The deal creates the #5 supplier of all wine above $11 in the U.S. market, as well as the #5 supplier by volume across all price segments and become the #3 exporter of California wines.
Terms of the transaction between Delicato and Coppola were not disclosed. The transaction is expected to be completed in the coming month, subject to regulatory approvals.