Newberg, Ore.—Adelsheim Vineyard announced Lynn and Jack Loacker have purchased the ownership stake of founders David and Ginny Adelsheim and are now the sole owners of the winery, started in 1971.

In the statement announcing the purchase, the Loackers are quoted as saying, "we all agree that keeping the winery in the hands of local owners should be the future for Adelsheim Vineyard."

Founder David Adelsheim recently transitioned all day-to-day operations, including vineyard and winery, finance, administration, marketing, and sales, to new CEO, Joth Ricci. David will continue an active role with the winery, focusing on large picture issues like the legacy of the winery, the role of the wine industry in Oregon, and expanding export sales.

“For 46 years, this industry has been my life. It is the fulfillment of a dream Ginny and I had when we were in our 20’s. I have to admit there is a bittersweetness to stepping away from ownership, but I am excited to be able to continue work in the areas that are critical to the winery and the state," David Adelsheim said in the same statement.