Press
Below you can find a list of news stories and press releases about our recent transactions. For more information, please contact us.
SAN FRANCISCO, CA, May 24, 2010 – The investment banking firm of Demeter Group named Michelle Cherrick, a 17-year Wall Street veteran banker, as Chief Executive Officer, it was announced today by Jeff Menashe, Founder and Chairman.
“Michelle is a highly regarded, senior banker with extensive industry knowledge and transaction experience advising on and executing the strategic and capital needs of high growth consumer companies,” said Mr. Menashe. “In addition, her expertise with specialty retail, restaurant, direct marketing and ecommerce companies strongly complements our recognized expertise in the food & beverage, beauty & personal care, apparel and footwear industries.”
“The unique needs of high growth consumer companies are not well addressed by today’s full service investment banks, particularly those who have emerged from the recent economic crisis,” Mr. Menashe commented. “Larger investment banking platforms are product, not industry specialists, and as a result, are unable to attract talent passionate about and expert in high growth consumer companies, especially those that are family-owned and/or founder-led. As Michelle’s clients can attest, she shares Demeter Group’s commitment to advising clients on their optimal solutions rather than architecting the surest path to a transaction fee.”
“Joining Demeter Group is the ideal opportunity for me to put the skills I have accumulated over my many years on Wall Street to work for our clients’ benefit and, as a result, further distinguish Demeter Group from competitors,” said Ms. Cherrick. “In order to deliver differentiated outcomes for clients in today’s market, investment bankers must have both industry and transaction expertise. The team at Demeter Group has been highly successful in delivering strategic industry insights and exceptional transaction execution for its clients, particularly in tailoring processes that meet the unique needs and goals of each client. The firm’s reputation and culture align perfectly with my professional standards as well as approach to the market. I look forward to partnering with Jeff to grow Demeter Group to its full potential.”
Ms. Cherrick began her investment banking career at Goldman Sachs and has since led consumer groups at Robertson Stephens, SG Cowen and, most recently Thomas Weisel Partners. She has advised growth consumer companies in raising nearly $15 billion of public and private equity capital, as well as completing mergers and acquisitions totaling over $5 billion in value.
Among the top growth concepts and brands she has represented are Alloy, Appleseed’s, bebe, Charlotte Russe, Chico’s, Cititrends, Design Within Reach, Hot Topic, lululemon, Spencer Gifts, Tuesday Morning, Ulta Salon & Cosmetics, Venus Swimwear, and Vitaminshoppe.com. She also has worked with many of the nation’s premier restaurant chains, including Argo Tea, Buffalo Wild Wings, California Pizza Kitchen, Chipotle, Cosi, Fazoli’s, Garden Fresh Restaurants, McCormick & Schmick’s, Qdoba, Ruth’s Chris, and Texas Roadhouse.
Ms. Cherrick graduated summa cum laude in finance from Georgetown University and received an MBA from Harvard Business School.
Demeter Group was recently invited to present at the WWD Beauty Forum for executives where we provided our perspective on current trends in the Merger & Acquisition market as well as corporate strategies that best position brands for growth in this challenging economic environment. We are pleased to share with you WWD’s press coverage of this event and highlights from Demeter Group’s presentation (see page 2 of the attachment).
SAN FRANCISCO, CA (MARKET WIRE) - The first extensive survey in at least a decade designed to detail the financial and operating performance of wineries and grape growers throughout the states of California, Oregon and Washington is being launched this week in a joint effort by Moss Adams LLP, the largest west coast-based accounting, tax and consulting firm, and Demeter Group, a San Francisco-based investment bank, both deeply involved as advisors to the wine industry. A panel of leading executives assisted in designing the survey and prominent industry associations have indicated their support for the survey.
The objective of "The Wine Industry Financial Benchmarking Survey," which is being conducted at a cost of approximately $250,000, is to provide participating wineries and grape growers with industry-aggregated data on a confidential basis that can be used to measure and compare their own company's performances. A comprehensive online questionnaire will soon be available to all West and Northwestern wineries and growers. Plans are to conduct the survey every two years.
"There has been a notable lack in recent years of useful and accurate industry data that can assist winery and vineyard owners in managing and measuring their businesses, and the Financial Benchmark Survey is aimed at filling that gap," said Jeff Gutsch, Partner and Wine Industry Group Chairman of Moss Adams. .
Jeff Menashe, CEO of Demeter Group, added, "In discussing this with numerous owners and executives, and based on our own experience in the industry, there clearly is a need, which the survey is intended to address. We believe this will be a valuable tool and will be of great assistance to operators of both wineries and vineyards."
"An important feature of the survey is that all the individual data including identities of participants will be strictly confidential," said Gutsch. "While we plan to report on the survey's key findings early this fall, the detailed information will be supplied only to participants in aggregate form for use in comparing their performance to the industry and their peer group. No individual information will be released."
Participation is on a voluntary basis, but both Demeter and Moss Adams expect a wide response. The final report will be available only to participating wineries and growers and will not be available to non-participants for 18 months following its release. Among the topics covered in the benchmarking survey are questions on viticulture, grape sales, wine production, wine sales, production costs, capital expenditures, and accounting policies.
Both Moss Adams and Demeter Group pointed out that, based on their extensive involvement in the industry, there is a major need, especially in the current economic environment, for such information. They plan to conduct the Benchmark Survey as a long-range project, but because of the extensive information required will do so every two years. "We envision this ongoing program as an important undertaking that will benefit the industry, and one that will establish itself as the standard by which wineries and vineyard operators up and down the west coast can gauge their activities as well as establish useful financial and operating objectives," they said.
The survey was designed with the participation of senior financial and operating executives from a range of prominent grape growers and wine producers including Jackson Family Wines, Williams Selyem Winery, Frog's Leap Winery, JUSTIN Vineyards & Winery, and Long Shadows Vintners LLC.
Industry associations that have already expressed their support for the survey to their members and constituents include Sonoma County Vintners, Sonoma County Winegrape Commission, California Certified Organic Farmers, and the Washington Wine Industry Foundation.
RUTHERFORD, CA, January 6, 2009 – Huneeus Vintners, the fine wine portfolio owned by the Huneeus family based in Rutherford, Calif., has announced a partnership with Flowers Vineyards and Winery of the Sonoma Coast. Walt and Joan Flowers, and Agustin and Valeria Huneeus, will join their wineries, bringing Flowers and the Huneeus portfolio, which includes Quintessa, Faust, Illumination, Primus and Veramonte, together to create a family-owned portfolio focused on quality, in the vineyards, wineries and marketplace. As a part of this agreement, the Huneeus Family has made an investment in Flowers.
Flowers established it self as a pioneer of the true Sonoma Coast when they purchased property on a ridge-top within two miles of the Pacific Ocean in 1990, long before the Sonoma Coast had gained its reputation as California’s most sought-after appellation for Pinot Noir and Chardonnay. Flowers’ ranches, located in the northern Sonoma Coast, include vineyard neighbors such as Hirsch, Martinelli, Marcassin, Helenthal, Pahlmeyer and Peter Michael, and producers including Williams Selyem, Siduri and Littorai also sourcing fruit from the region.
Both families have developed a reputation for producing wines that are the expression of their vineyards. While the Huneeus portfolio is dedicated to properties that excel in Cabernet Sauvignon and Bordeaux origin varietals, the Flowers have been dedicated exclusively Chardonnay and Pinot Noir.
“This partnership is a rare match between two like-minded families making great wines. We are committed to making wines from unique vineyard properties and to remaining family owned,” Agustin Francisco Huneeus, of Huneeus Vintners said. “We bring together vineyards in Napa and Sonoma counties, and wines that represent some of California’s most interesting Meritage, Cabernet Sauvignon, Sauvignon Blanc, Chardonnay and Pinot Noir bottlings.”
“The Huneeus family has been in the wine industry for nearly 50 years, through two generations, and is committed to continue for many more. Their perspective has always been that great properties and vineyards will prevail in a crowded marketplace.” Jim Harris, president of Huneeus Vintners, said. “We are delighted to be working with Joan and Walt Flowers, the world-class vineyards and the Flowers team.”
The Flowers team, headed by President Tom Hinde, will work closely with Huneeus Vintners to service their retail and restaurant partners across the country.
Demeter Group of San Francisco, Calif., an investment bank, advised Flowers Vineyard & Winery on the partnership.
SAN FRANCISCO, CA, October 1, 2008 – Demeter Group, an investment bank focused on high-growth brands in the food, beverage and beauty industries, served as advisor to Nestlé USA in the sale of its Albers® corn meal and grits business to privately owned Continental Mills of Tukwila, WA. Nestlé USA is a subsidiary of Nestlé SA of Switzerland, the world’s largest food company.
The Albers brand (www.verybestbaking.com/products/albers), founded more than 100 years ago, is dominant in the western U.S. Albers’ corn meal and grits are the number one brands in their categories, with market shares of 64% and 59%, respectively. Albers brand yellow and white corn meal are essential ingredients in everything from corn bread and muffins to fried fish and chicken. Albers brand grits create both side and main dishes at breakfast, lunch and dinner.
“Demeter Group, being expert in the middle market, was able to identify Continental Mills as a likely buyer for Albers,” said Bob Gatto, Nestlé USA Vice President of Business Development. “As a result, it was a very smooth transaction.”
Continental Mills (www.ContinentalMills.com) produces leading breakfast food, baking mix and beverage brands such as Krusteaz, Snoqualmie Falls and Alpine. “Albers fits perfectly into the Continental Mills family of products,” said Michael Castle, Continental’s CFO. “It’s a strong regional brand that we can grow through the national reach of our existing sales and marketing infrastructure.”
SAN FRANCISCO, CA, August 19, 2008 – Demeter Group, an investment bank focused on high-growth brands in the food, beverage and beauty industries, served as exclusive strategic and financial advisor to GU Sports on the Company’s recent recapitalization. GU Sports is the leading producer of the endurance sports nutrition products GU Energy Gel™ (“GU”), an energy food product in gel form, and GU2O Sports Drink™ (“GU2O”), hydration electrolyte drink in dry powder form designed to be mixed with water.
The recapitalization transitions majority ownership of the company to President Brian Vaughan from his father and company founder Dr. William Vaughan. GU Sports launched in 1991 with GU, a revolutionary product that provides a more effective nutritional method for keeping athletes fueled during intense activity. In June, GU Sports introduced Roctane Ultra Endurance Energy Gel™ (“Roctane”), a premium energy gel that amplifies GU’s original recipe, adding new ingredients to boost performance.
The equity capital was provided by Adventure Funds, an Oregon-based private equity fund founded by Tal Johnson, who was previously CEO of Tazo Tea throughout much of the company’s growth. Tazo Tea was acquired in 1999 by Starbucks.
“Demeter Group provided valuable assistance in enabling us to reach our immediate management and financial goals, as well as helping us to identify an equity partner whose experience, we anticipate, will greatly benefit our business as we move forward,” said Brian Vaughan. “As a result, we can continue to focus our resources on serving the nutritional needs of athletes from around the world.”
“Advising GU Sports and bringing its recapitalization to fruition, including bringing on board a world class investor like Tal Johnson and Adventure Funds, has been a highly satisfying experience,” said Jeff Menashe, Demeter Group CEO. “GU Sports is a company that bristles with excitement and energy, and despite the complexities involved, we achieved results that benefited all parties, enabled Brian Vaughn and his team to reach their objectives, and helped to enhance the Company’s growth opportunities.”
SAN FRANCISCO, CA, June 13, 2008 – Demeter Group, an investment bank focused on three consumer verticals, food, beverage and beauty, served as advisor to San Francisco Equity Partners and Simon Equity Partners on their investments in Yes To Carrots, an innovative, high growth natural personal care company. Both funds participated in a $14 million Series A funding round that Yes To Carrots recently announced it has closed, and which was led by San Francisco Equity Partners.
San Francisco Equity Partners is a private equity firm, and Simon Equity Partners is the private investment arm of the Simon family, founders of Simon Property Group (NYSE: SPG).
“We identified Yes To Carrots as an exciting category innovator last year and were pleased when subsequently both investment firms retained us to advise them on the transaction,” said Jeff Menashe, CEO at San Francisco-based Demeter Group. “Our industry expertise and relationships with the leading masstige and prestige beauty retailers around the globe allowed us to fine-tune projections for the company’s multi-channel distribution strategy.”
Yes To Carrots was founded in Israel two years ago by Ido Leffler and Lance Karish, and introduced its products in the U.S. in April 2007 through an exclusive national sales arrangement with Walgreens. Yes To Carrots is currently in the process of moving its headquarters to San Francisco, and carefully broadening its distribution to other retail thought leaders. The company formulated and markets all-natural products containing Beta-carotene, which is derived from such natural and organic ingredients as carrots and other orange fruits and vegetables. These are combined with detoxifying Dead Sea mud and minerals to create a paraben-free formula that provides a natural glow for skin and hair. Next month, the company is launching product extensions with Walgreens for different skin types.
“Consumers clearly are increasingly concerned about paraben and other chemicals used in their personal care products and consequently are turning to natural products. We identified this trend early on at Sephora where I was part of senior team that made the strategic decision to give natural brands prime importance in the skincare planogram,” says Jani Friedman, a Demeter Group Managing Director with 20 years brand development experience in the beauty and fashion industries, and who previously was Vice President and Divisional Merchandise Manager of Skincare at Sephora USA. “Natural products are growing at a double-digit annual rate and is now a $7.2 billion category, or roughly 7% of the personal care industry, which, by contrast, is today a much slower single-digit growing business.”
Since offering its products through Walgreens, which remains the company’s largest customer, Yes To Carrots is now also sold by Target, Duane Reade and Longs Drug Stores as well as via the Home Shopping Network and beauty products retailer Ulta, among others. Yes To Carrots is also sold in 16 countries internationally.
The new capital will be used to finance the company’s growth which includes expanding its world-class management team. “This is an important step for us, and we are especially pleased to have the participation and support of knowledgeable investors like Simon Equity Partners and San Francisco Equity Partners, who as key investors are helping guide Method Products, a successful marketer of non-toxic, biodegradable products for the home that’s been ranked among the top 10 fastest-growing companies,” said Leffler and Karish.
“Yes To Carrots has all the attributes – superior products, an experienced management team and a solid game plan – to succeed in the natural personal care market,” said Steven Simon. “Demeter Group’s expertise in the vertical was especially helpful to us in defining the company’s potential, and their assistance will be valuable going forward.”
SAN FRANCISCO, CA, February 29, 2008 - Demeter Group, a boutique investment bank specializing in consumer companies, has advised Rosenblum Cellars on its sale to Diageo Chateau & Estate Wines (DC&E), part of Diageo, the world's leading premium drinks business. DC&E announced its acquisition of Rosenblum Cellars for $105 million.
Rosenblum Cellars, founded in 1978 by Kent and Kathy Rosenblum and based in Alameda, Calif., is one of the leading producers of Zinfandel and Rhone varietals in the United States. The acquisition of Rosenblum Cellars is a strategic fit for DC&E, as the company currently does not have a brand primarily focused on Zinfandel. The addition of Rosenblum Cellars will immediately give DC&E one of the most recognizable names in a booming category.
“Demeter Group was the clear choice to serve as our advisor during this transaction due to the firm’s deep expertise within the wine industry as well as the firm’s complementary food and beverage focus,” said Kent Rosenblum, founder of Rosenblum Cellars. “Demeter Group’s senior team of wine industry professionals leveraged their unparalleled relationships within the industry as well private equity community to help guide us through the sale process. In particular, the firm helped us to develop credible projections to detail our brand’s full potential and ensured our speed to market.”
“This acquisition further solidifies Demeter Group’s position as the preeminent investment bank for the wine industry,” said Jeff Menashe, CEO, Demeter Group. “We were thrilled with the opportunity to partner with Rosenblum to identify prospective buyers that were not only a strategic fit but also understood the uniqueness and potential of the Rosenblum brand. This is a terrific partnership between two companies that share the same commitment and passion for making the highest quality wines.”
According to IRI data, the premium Zinfandel category continues to show consistent growth, and over the past six months has been the fastest growing major varietal in both volume and value.
The last decade has been an exceptional one for Rosenblum Cellars. The winery has continued to gain the respect and appreciation of both the public and its peers, and has been honored with numerous gold medals and 90-plus scores. Still loved for its world-class zinfandels, Rosenblum has also established a reputation for crafting acclaimed Rhône varietals in its own ripe and robust style. This unique approach has culminated in a diverse portfolio of award-winning wines in several categories, including its Reserves, Vineyard Designates, Appellation Series and Cuvée Series. Rosenblum Cellars is currently distributed in every state.
SAN FRANCISCO, CA, September 10, 2007 – Demeter Group, a boutique investment bank specializing in consumer companies, has advised National Pretzel Holdings, Inc., the nation’s largest producer of private label pretzels, on the acquisition of Shultz Foods, a leading private label pretzel manufacturer.
Shultz Foods joins National Pretzel Holdings’ family of leading regional pretzel businesses, which includes California Pretzel Co., the largest co-pack and contract manufacturing pretzel supplier on the west coast, and Anderson Bakery Co., the nation’s oldest bakery. This acquisition expands National Pretzel Holdings’ national production and distribution capabilities in addition to enhancing its product innovation expertise.
“Demeter Group’s expertise has been invaluable during this acquisition,” said Michael Uytengsu, CEO of National Pretzel Holdings. “Their counsel was a key contributor during the decision-making process of this acquisition, assisting us with both analyzing our company’s strategic growth initiatives as well as understanding the implications of integrating Shultz Foods into our existing business.”
“This acquisition showcases Demeter Group’s ability to leverage our considerable experience and expertise within the food industry to provide clients with exceptional advice tailored to their needs,” said Jeff Menashe, CEO of Demeter Group. “Particularly, our focused approach and superior transaction-management skills help our clients better understand the strategic and financial integration of a new business.”
The retail pretzel category in the U.S. is an estimated $1.2 billion market. The private label category represents 10 percent of this market, which is two to three times larger than private label penetration in comparable salty snack categories.
California Pretzel Co., founded in 1959, is the largest co-pack and contract manufacturing pretzel supplier on the west coast and serves customers both domestically and abroad. Its sister company, Anderson Bakery, founded in 1888, is located in Pennsylvania, and augments National Pretzel Holdings offerings to economically service customer’s needs.
SAN FRANCISCO, CA, August 28, 2007 – Demeter Group, a boutique investment bank specializing in consumer companies, has secured equity capital for Dr. Susan Taylor’s Rx for Brown Skin from Simon Equity Partners, a family office focused primarily on consumer brands driven by innovation.
Dermatologist Dr. Susan Taylor, a leading expert in skin of color, co-founded T2 Skincare, LLC with Anne Thomas in 2006 to launch a skincare line addressing the unique, yet underserved needs of women of Latin, Asian, African, Middle Eastern, Mediterranean, and Native American descent. Sephora USA, the Beauty Authority with 180 stores throughout the U.S. and Canada and a leader in launching new beauty brands and concepts, has recognized this underserved market and has launched T2 Skincare’s product line, Rx for Brown Skin, exclusively for one year.
“We are becoming recognized in the prestige beauty industry as having the expertise and industry experience to dramatically help brand owners define their growth strategy and secure the necessary funding from strategic investors,” said Jeff Menashe, CEO of Demeter Group. “As a firm, we expect to remain active within the beauty space, and see many more opportunities to help brand owners access growth capital.”
“Rx for Brown Skin, a brand created with the needs of the ethnic consumer in mind, is positioned to become the leader within the ethnic skincare market,” said Jani Friedman, head of Demeter Group’s beauty practice. “Until now, no one has addressed specific brown skincare needs with a customized product solution, and as a result, there is a major untapped market opportunity at hand.”
Ms. Friedman, who will be joining the Board of Directors of Rx for Brown Skin, has more than 20 years of experience in brand development. Previously, Ms. Friedman held the position of Vice President and Divisional Merchandise Manager of Skincare at Sephora prior to joining Demeter Group in March of 2007.
Ethnic personal care is currently a $1.9 billion market and is growing at a record pace, even though a credible skincare product line to serve this consumer has not yet surfaced. The $7 billion cosmeceutical skincare market, which comprises formulations that not only enhance appearance but also offer a preventative or therapeutic benefit, is proliferating, particularly in the prestige segment. The convergence of these major trends creates an opportunity for the right brand to capture significant market share in the ethnic beauty and personal care category.
“We identified Dr. Taylor and her plans for Rx for Brown Skin almost a year ago and have collaborated on successfully launching the brand at Sephora. Sephora is focused on providing beauty products for all women, and this helps build our assortment to meet the distinct needs of women with dark skin,” said Margarita Arriagada, Senior Vice President of Merchandising at Sephora.
“People are fundamentally the same—but their skin isn't. For the past two decades my passion has been understanding skin of color. As a practicing dermatologist, and Founding Director of the Skin of Color Center, I have treated sensitive skin, hyper-pigmentation (dark marks), acne and dull, uneven skin tone, all major problems for skin of color. I am delighted to launch Dr. Susan Taylor's Rx for Brown Skin, which I personally formulated to provide safe and effective skincare solutions for these problems,” commented Dr. Susan Taylor.
SAN FRANCISCO, CA, August 22, 2007 – Demeter Group, a boutique investment bank specializing in consumer companies, has facilitated an equity investment in Galaxy Desserts, Inc., the nation’s leading producer of individual portion gourmet desserts, by Pacific Community Ventures Investment Partners, an investment fund focused on high-potential growth companies.
Galaxy Desserts develops, manufactures and markets all-natural, gourmet desserts and pastries for retail, foodservice and catalog customers throughout the U.S. Under the guidance of co-founder and Master Pastry Chef Jean-Yves Charon, Galaxy is the leader in the development of the individual portion gourmet dessert category. Products have a handcrafted, artisan taste and homemade appearance, yet are designed to be efficiently produced at high volumes. Major customers include SuperTarget, Safeway, Whole Foods, Kroger, Williams-Sonoma and Marriott International. Paul Levitan, President, CEO and co-founder of Galaxy Desserts, said “Thanks to Demeter Group, we were able to find a partner that shares our vision for the business, and we look forward to working with Pacific Community Ventures as we continue to build our brand and expand our distribution.”
“This investment demonstrates Demeter Group’s ability to leverage our considerable experience and expertise with innovative consumer brands and our skill in connecting entrepreneurs with the appropriate investor,” said Jeff Menashe, CEO of Demeter Group.
SAN FRANCISCO, CA, May 30, 2007 – Darien Estate Vineyards (the “Company”), a premium estate vineyard located in Sonoma’s famed Russian River Valley appellation, has been purchased by the Far Niente Winery of Oakville. Darien Vineyards is a 25.5-acre premium vineyard planted mostly to Pinot Noir, but also grows Syrah and Chardonnay. Nickel & Nickel, Far Niente’s single-vineyard label, has used the Syrah for several years in their vineyard designated wine program and plans to use the Pinot Noir to expand its emerging Russian River Valley label. Demeter Group, a boutique investment bank specializing in the wine industry, advised the Company in the transaction.
The Company’s grapes have been used by several high-end wineries, including Paul Hobbs, Kosta Brown, Siduri and Nickel & Nickel, to produce award-winning vineyard designated wines under the Amber Ridge Vineyard and Darien Vineyard names. Grapes from the 2003 and 2004 vintages were used in nine different wines that each scored over 90 points in the Wine Spectator.
“Demeter Group was a perfect fit to leverage our vineyard’s established brand as a unique opportunity for a luxury winery given their intimate knowledge of luxury brands and extensive network and relationships with key individuals in the wine industry” remarked Frank Darien, vineyard proprietor.
“While advising Darien Vineyards, we were able to use our experience working with luxury brands and our own resources within the wine sector to successfully advise on a deal that called for capability in both,” said Jeff Menashe, CEO of Demeter Group.
For Nickel & Nickel, the acquisition firmly secures a luxury Pinot Noir grape source to fuel growing demand for its Russian River Valley wine program. “This purchase reaffirms our commitment to investing in the highest quality vineyard properties to fulfil our goal of producing outstanding single-vineyard wines,” stated Nickel & Nickel partner, Erik Nickel.”
SAN FRANCISCO, CA, September 11, 2006 - Ventana Vineyards, an award winning premium estate winery located in the Arroyo Seco viticultural area of Monterey County, was acquired by a Monterey-based private investment group focused on investments in the agribusiness sector. The acquisition includes the 373-acre Ventana Vineyard, as well as the Ventana Vineyards brand, inventory and winemaking facility. Demeter Group, an investment banking and corporate development advisory firm specializing in consumer companies, advised Ventana Vineyards on the transaction.
Founded in 1972 by Douglas and LuAnn Meador, Ventana Vineyards has been recognized as a pioneer in cool-climate grape growing and has contributed to the advancement of viticulture in many areas, including close vine spacing, vertical trellising, clonal selection and rootstock studies. Since its inception, the high quality of the wine produced from the Ventana Vineyard has been consistently recognized with a large number of awards in wine tastings and competitions around the world, leading to its claim as “The Most Award Winning Single Vineyard in America.” Following the transaction, LuAnn Meador will continue to manage Ventana Vineyards’ national sales and marketing efforts.