Duckhorn portfolio buys 107 ha vineyard in Paso Robles

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The luxury wine group has purchased Bottom Line Ranch in the San Miguel District for an undisclosed sum. It is exclusively planted with Cabernet, with seven best clones on three drought-resistant rootstocks.

Alex Ryan, managing director and president of The Duckhorn Portfolio, said the sub-appellation’s climate is ideal for producing world-class Cabernet Sauvignon.

“There’s a reason Paso Robles has the largest Cabernet Sauvignon acreage of any California appellation outside of Napa Valley,” added Ryan, who joined the company as a vineyard manager in the early 20s. 1990s.

“In addition to producing phenomenal Cabernet Sauvignon, the Paso Robles wine community has done a fantastic job of bringing the region and its wines to the world. Establishing a presence in this renowned region is an important next step in our long-term vision.

Dan and Margaret Duckhorn founded The Duckhorn Portfolio in St. Helena, California in 1976. He has spent the past 46 years establishing himself as one of Napa Valley’s leading wine producers.

The group also has a presence in Sonoma County, the Anderson Valley, California’s North and Central Coasts, and Washington State. Its portfolio includes Decoy, Paraduxx, Goldeneye, Migration, Canvasback, Calera, Kosta Browne, Greenwing and Postmark, and it sells wines in the United States and 50 export markets.

The Duckhorn Portfolio Inc.. went public on the New York Stock Exchange in March 2021, raising $300 million in an IPO. He also got “NAPA” as his symbol.

In its latest earnings call, covering the second quarter of fiscal 2022, Ryan described the group as “the fastest growing wine supplier among the top 15 wine suppliers in the United States”.

Net sales were up 18% year-over-year, while volume sales were up 24.8%, and Ryan expects full-year growth of around 9%.

He is on an acquisition campaign, having recently acquired approximately 20 ha of Napa Valley vineyards via separate offers.

The Duckhorn Portfolio plans to rebrand Bottom Line Ranch in the coming months.

“This acquisition is part of our long-term strategy to support our wineries with strong real estate assets,” Ryan said. “Adding Bottom Line Ranch’s 265 acres of Cabernet Sauvignon to our estate program will provide us with exceptional grapes for Decoy and Postmark, while cementing our commitment to the Central Coast.”

The vineyard is located near the borders of the Estrella and Adelaida districts, on the slope of the Santa Lucia Range, and has a Region III climate.

“For a Cabernet Sauvignon-focused vineyard of its size, location, age and quality, Bottom Line Ranch is a rare find,” said PJ Alviso, vice president of Central Coast viticulture at The Duckhorn Portfolio. “In terms of row orientation, rootstocks and clonal selection, it has excellent fundamentals.


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