Korbel To Sell Kenwood Vineyards To Banfi

UNKNOWN | Other
Published: 04/24/2012

Guerneville, Calif. — F. Korbel & Bros. last months announced it will sell Kenwood Vineyards and related Sonoma County assets to Banfi Vintners.

“After experiencing the worst recession in 70 years, the California wine business is emerging from this difficult period in good shape and it seemed an opportune time to explore the sale of Kenwood Vineyards,” said Gary B. Heck, Korbel president and owner. “This will allow us to focus the company’s resources on its leading California champagne and brandy business.”