Wines & Vines Home
   
 
Welcome Guest
LOGIN |  CREATE ACCOUNT
 
ADVERTISEMENT
 
 
 
06.05.2014  
 

Michael Mondavi sells Carneros Winery

Kieu Hoang buys property as Mondavi family sets sights on Napa Valley floor

 
by Paul Franson
 
 
“michael
 
Following the sale of their winery property (above), the family behind Michael Mondavi Family Estate is considering properties to build a new winemaking and hospitality facility.
Napa, Calif.—The Michael Mondavi family’s wine company has sold its winery facility, vineyard and tasting room in the Carneros district of Napa Valley to Kieu Hoang Winery Napa Valley, owned by Vietnamese-born American businessman Kieu Hoang.

The deal includes 13 acres of vineyard adjacent to the winery. It does not include brands or other family-owned vineyard property. (The family owns a number of vineyards including Animo Vineyard in the Atlas Peak AVA and Oso Vineyard in Pope Valley.)

Financial details of the sale were not disclosed.

History of the property
Michael Mondavi told Wines & Vines that when the family sold its stake in Robert Mondavi Winery to Constellation Brands, he wanted to continue in the winery business with his wife Isabel, son Rob and daughter Dina.

“We didn’t want to be a virtual winery, but since it would take a few years to acquire and build a winery, we bought the Carneros property as a placeholder, an interim step for five to 10 years.”

The Mondavis bought the winery, located on Dealy Lane two miles southwest of the city of Napa, from Francis Mahoney. However, Mondavi said the facility is much larger than what his family needs.

The winery can produce 100,000 cases, and it has been used partly as a custom-crush facility, but Mondavi noted that the family plans to produce 25,000 t0 30,000 cases of wines selling for more than $50 per bottle.

Looking ahead
The Mondavis are now looking at three sites to build a new winery and hospitality center in the heart of the Napa Valley floor.

“We are actively looking to establish a boutique winemaking facility and tasting room in Napa Valley befitting the distinguished wines produced under the Michael Mondavi Family Estate umbrella,” said Rob Mondavi Jr., Michael’s son and winery co-founder. These wines include the Isabel Mondavi, Emblem, Animo and ‘M’ by Michael Mondavi labels.

Michael’s brother and sister Tim and Marcia completed a similar feat in constructing Continuum Winery on Pritchard Hill east of Rutherford, Calif.

Michael Mondavi also said that he hopes to be able to announce his new winery’s location in a few months. “The timing wasn’t perfect, but we already were looking at options when this offer came in, and we decided to take it.”

For the 2014 harvest, the label’s wines will continue to be produced by Rob Mondavi Jr. and Tony Coltrin in a custom-crush facility in Napa; they have leased a 10,000-square-foot warehouse for operations including barrel storage.

Michael also noted that Napa County is becoming increasingly tight in granting applications for new wineries, and there’s even talk of a moratorium while rules are considered. “We don’t think it will be a problem because we’ll be modest in size.”

Rob Mondavi Jr. added, “Over the past eight years the Carneros winery has been home to Folio Winemaker’s Studio, a custom-crush facility and, recently, Michael Mondavi Family Estate. As planned, the facility supported our start-up plans allowing maximum flexibility, however the current case-capacity far exceeds our vision to produce the small-lot, prestige wines we desire to produce.”
 
The family said that all affected staff members at the property have been offered opportunities with the new owner, and further details will be announced once the transaction is complete.

Kieu Hoang Winery
Winemaker Craig MacLean states that Kieu Hoang Winery was created out of Hoang’s passionate enjoyment of wine. This passion led him to Napa Valley. “Although Kieu Hoang Winery is fairly new to the valley, the company has been producing wine since 2012, exclusively for export markets. The goal has been to establish a U.S. home for the brand where the fame of Napa Valley could be driven not only throughout the U.S., but also worldwide.”

“We desired a location that would support the growth of our portfolio and give us the tools to control wine processing from grape to bottle, and we found that in this facility,” said MacLean, who also serves as the winery’s chief operating officer. “The winery and tasting room staff are tremendous assets to our company, and we look forward to working with them to share in our growth.”

Hoang is the chairman and chief executive officer of Rare Antibody Antigen Supply Inc. and vice chairman of Shanghai RAAS Blood Products Co Ltd., Shanghai China. The core business focus of RAAS is plasma and derivatives. Hoang has donated more than 5,000 homes and schools in Vietnam, where he was born. He also has partnered with the World Bank to provide health insurance, food and resources for flood victims, HIV education and numerous cultural events.

John Bergman of Bergman Euro-National and Robyn Bentley of Pacific Union International represented the new owner in the sale.

SHARE »
Close
 
Currently no comments posted for this article.
 
CURRENT NEWS INDEX »


 
Wines & Vines Home
 
866.453.9701 | 415.453.9700 | Fax: 415.453.2517
65 Mitchell Blvd., Ste. A San Rafael, CA 94903
info@winesandvines.com
Wine Industry Metrics
 
Off-Premise Sales » Month   12 Months  
September 2014 $575 million
5%
$7,743 million
6%
September 2013 $550 million $7,311 million
     
Direct-to-Consumer Shipments » Month   12 Months  
September 2014 $163 million
16%
$1,708 million
11%
September 2013 $141 million $1,538 million
     
Winery Job Index » Month   12 Months  
September 2014 166
14%
226
18%
September 2013 145 192
     
 
MORE » Released on 10.15.2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Practical Winery & Vineyard Library
 
Search the PWV archive »
 
 

Direct To Consumer
Wine Shipping Report
2014
 
Download full report »
 
 

CALENDAR
  • October 26
     
    Pinot on the River
     
  • November 1-2
     
    Temecula Harvest Celebration Barrel Tasting
     
  • November 5
     
    Single Vineyard Night
     
  • November 5-6
     
    Southeastern United Wine & Grape Symposium
     
  • MORE »
 

READER COMMENTS
 
Article: The 'Sideways' Effect »
 
Thank you for this research that confirms what many thought about the pinot noir effect....
Reader: Guest
 
Article: Fine for Volunteer Labor Makes Wineries Wary »
 
This is so incredibly asinine. And my taxes go to help fund these over-reaches? No...
Reader: Philburtonj
 
Article: Paso Winegrowers Back on TTB Track »
 
Unfortunately, they will be named Drought sinkhole #1, #2, #3, etc. Really, 11 different flavor profiles...
Reader: Donn Rutkoff
 
Article: Optimization of limited water resources in irrigated vineyards »
 
Very interesting article! Sap flow monitoring was in the past mostly used for research but...
Reader: Virginie Scoarnec
 
Article: New York OKs Out-of-State Grapes »
 
If the resultant wine, using out of state juice,bears the "American" on the label, I...
Reader: Guest
 
 


Directory/Buyer's Guide — Your Wine Industry Marketplace
 
 
WINERY SEARCH
 
 
Advanced Search »
SUPPLIER SEARCH
   by Product
 by Company Name or Brand
 
Browse by Category »
2015 Directory/Buyer's Guide
The Wines & Vines Directory and Buyer's Guide
 
 
EXPANDED ONLINE SEARCH INCLUDED WITH PURCHASE
 
ORDER NOW »
 
LEARN MORE »
 
 
Wines & Vines Magazine
 
 
LEARN MORE »
 
SUBSCRIBE »
 
Digital Edition Now Available!
Wines & Vines Digital Edition Now Available
 
LEARN MORE »
 
ORDER NOW »
 
 
The Wines & Vines Online Marketing System
 
The Industry Standard winery marketing application
 
FREE LIVE DEMO »
 
VIEW VIDEO »
 
 
 
 
Latest Job Listings
 Wine Sales/Bartender
 Portland, OR
DTC, Tasting Room and Retai
 Sales Associate
 Miami, FL
General Administration and
 Fine Wine Sales & Inve...
 San Jose/Saratoga, CA
General Administration and
 Telesales Representati...
 Remote - Work From Home, CA
Sales and Marketing
 Sr. Lab Technician
 Santa Rosa, CA
Winemaking and Production
 Marketing Manager - Ke...
 Kenwood, CA
Sales and Marketing
 Tasting Room And Tour ...
 Sonoma Valley, CA
DTC, Tasting Room and Retai
 Outbound Hospitality S...
 Rutherford, CA
DTC, Tasting Room and Retai
 Tasting Room Lead
 Woodinville, WA
DTC, Tasting Room and Retai
 Social Media Manager
 Healdsburg, CA
Sales and Marketing
 
More Job Listings >>
Follow Us On:
 
 





Home  |  About Us  |  Editors  |  Subscribe  |  Print Edition  |  Digital Edition

Advertise  |  Site Map  |  Contact Us  |  Privacy Policy
 
 
Copyright © 2001-2014 by Wine Communications Group, Inc. All Rights Reserved.
No material may be reproduced without written permission of the Publisher.
Wines&Vines does not assume any responsibility for any unsolicited manuscripts or materials.