Chris Pearmund to purchase 2 brands from the Robert Mondavi portfolio
The historic deal brings California wines to Virginia
[4/1/2023], [Broad Run], [VA]. – Chris Pearmund, founder of leading Virginia wineries Pearmund Cellars, Vint Hill Craft Winery and Effingham Manor has announced that he has purchased two brands from the Iconic Robert Mondavi portfolio of wines. The all cash deal for Opus One and Robert Mondavi Coastal, was finalized yesterday at an undisclosed price, with the wines being transferred on April 1st.
“Virginia has been ripe for a major west coast winery conglomerate to buy a winery here for a decade. We are tired of waiting, so we turned the table” said Pearmund. “We have considered purchasing a significant Napa brand for some time and are excited to have finished the deal. The Mondavi and Opus One names are synonymous with quality,” Mr. Pearmund offered, “and it is that quality that will complement the special wines currently in our house. While making Virginia Wine will always be our passion, we understand that sometimes people just want a little West Coast. We are grateful for the successes of our current wineries, allowing this purchase to happen.”, Mr. Pearmund continued, “There is a place for California wine in Virginia. We look forward to sharing these products with our friends.”
A spokesperson for Pearmund Cellars confirmed that discussions between Pearmund and partners to a acquire Italian, French and Argentine products are being considered, as well as unnamed premium Rum brands, premium chocolate, and a line of cheeses.
About Robert Mondavi Corporation;
Robert Mondavi Corporation, with its family of Robert Mondavi wineries, is one of the United States’ premier wine producers. Dedicated to producing only premium wines, the Mondavi wine family includes the brands Robert Mondavi, Woodbridge by Robert Mondavi, Vichon, Byron, Robert Mondavi Coastal, and the ultra-premium Opus One label. Together, these wines accounted for sales of more than 4.5 million cases and nearly $300 million in revenues in 2020. Mondavi went public in 1993, although the Mondavi family retains control of 92 percent of voting stock.
About Pearmund Cellars;
Chris Pearmund has been a force in Virginia Wine for over 30 years. He has help start over 15 wineries in the State, and consulted many more internationally. His namesake winery, Pearmund Cellars was founded in 2002. With Vint Hill opening in 2009 and Effingham Manor in 2017. The wineries are known for making Virginia wine of the highest quality, as well as innovating along the way. Most notable, however is their sense of humor, and ability to make their friends laugh.