On the other hand, Ste. Michelle Wine Estates, located in Washington state, is a well-established and highly respected wine company. They have a diverse portfolio of wines, including brands such as Chateau Ste. Michelle, Columbia Crest, and 14 Hands. With their extensive distribution network and marketing capabilities, Ste. Michelle Wine Estates has been able to reach a wide audience of wine consumers across the country.
It is worth noting that this acquisition is not uncommon in the wine industry. Consolidation has been a trend for some time now, as larger wine companies seek to acquire smaller, boutique wineries to diversify their portfolios and tap into niche markets. This allows them to capitalize on the reputation and expertise of these smaller wineries while benefiting from their established customer base.