FRANSISCAN SOLD!

[Jerry D Mead]

More details now...Agustin Huneeus, who, along with the Eckes family of Germany, owned Franciscan, did not sell Quintessa or the interest in Veramonte in Chile...though both will be marketed by Canandaigua.

Huneeus will build a new winery at the Quintessa vineyard site.

Huneeus will stay on under contract for 5 years to run the company and will also take over the marketing of Simi, which Canandaigua just bought.

To be continued.