Italian wine firm Marchesi Frescobaldi has signed a definitive settlement to buy Domaine Roy & fils, an Oregon wine producer in Willamette Valley.
The transaction is anticipated to shut earlier than the tip of July 2023.
“At this stage of our growth we determined to grab the chance to amass the attractive Domaine Roy & fils vineyard in Oregon, top-of-the-line areas on the earth for pinot noir,” says Marchesi Frescobaldi President, Lamberto Frescobaldi. “To grow to be a part of such a group is a dream come true. On behalf of the Frescobaldi Household I want to thank Marc-Andre’ Roy for providing us the chance in Oregon to proceed to do what we do finest, domesticate stunning vineyards, produce wines and provide our prospects iconic merchandise”.
Domaine Roy & fils was based in 2012 by Roy with Jared Etzel, persevering with within the footsteps of their fathers who had partnered to determine Beaux Freres in 1991. To accompany the Roy household, of their imaginative and prescient of a second-generation winery, 26 buddies from Quebec took half within the enterprise.
With the latest plantings coming to maturity, the property’s 40 acres of winery in two places now provide the entire grapes for the Domaine Roy & fils choices. The plantings are completely pinot noir (35 acres) and chardonnay (5 acres). The vineyards are farmed 100% natural and with out irrigation.
The Domaine Roy & fils vineyard and Iron Filbert winery are positioned 45 minutes south-west of Portland close to the city of Dundee within the Dundee Hills AVA. The second winery (Quartz Acorn) is positioned 25 minutes west of the vineyard within the Yamhill-Carlton AVA, adjoining to Louis Jadot’s Resonance Winery and the Jackson Household’s Gran Moraine Winery.
Commercial
Different well-known producers close to Domaine Roy & fils embody a few of Oregon’s finest recognized wineries, together with Domaine Serene, Beaux Freres and Domaine Drouhin.
Domaine Roy & fils constructed their vineyard as a single, two-level constructing, together with hospitality and workplaces on the higher ground with vineyard cellar and manufacturing on the bottom ground. Building of the vineyard was accomplished in 2015 and was designed by Waterleaf Structure.
Below the phrases of the settlement with Frescobaldi, Marc-Andre Roy will proceed joint management of the Domaine Roy & fils vineyard in collaboration with the Frescobaldi household as a member of the Board of Administrators and as a minority proprietor.
“It has been essential to proceed the work began by my father, founding father of Beaux-Freres, once we established Domaine Roy et fils in Oregon’s Willamette Valley, acknowledged as one of many premier pinot noir producing areas on the earth,” says Roy. “We’re humbled and thrilled to welcome the Frescobaldi Household as the brand new house owners of Domaine Roy & fils. Their esteemed winemaking heritage and dedication to excellence align completely with our personal values. We consider this partnership will protect and elevate the legacy of Domaine Roy & fils.”
Marchesi Frescobaldi was suggested on the acquisition by WithersWorldWide’s transatlantic observe with groups in Milan, New York, San Francisco and Los Angeles. Domaine Roy & fils was suggested on the transaction by attorneys Davis, Wrights & Tremaine in Portland, OR.
Worldwide Wine Associates (IWA) initiated this transaction with Frescobaldi on behalf of Domaine Roy & fils, and served as their unique monetary advisors.
