Napa Valley’s Heitz Wine Cellars has purchased a 50-acre vineyard in Rutherford for $25 million, according to public records said.
Treasury Wine Estates confirmed the sale of Wildwood Vineyard to the high-end producer near St. Helena.
“The vineyard was considered non-core to the business’ requirements,” Atina Alkhas, a representative for Treasury Wine Estates said in a written statement.
“Viticulture and world-class winemaking in the US remains important to TWE, along with marketing and selling our renowned Californian wine brands,” Alkhas said, referring to Treasury Wine Estates. “At the same time, we are continually looking for opportunities to ensure our asset base is in line with the requirements of the business.”
The company did not disclose the sales price.
The Heitz family sold Heitz Cellars to Arkansas billionaire Gaylon Lawrence Jr. in April 2018 for $180 million.