Precept, the second largest and reportedly fastest growing wine company in the Northwest, said it has acquired Canoe Ridge and Sagelands from Diageo Chateau & Estate Wines, the London-based company that closed the public tasting rooms for both operations last year.
“The addition of Canoe Ridge and Sagelands to our portfolio of wines greatly strengthens our commitment to quality winemaking in Washington state,” said Precept Wines’ CEO and founder Andrew Browne, in a release. “We are dedicated to investing in both brands for the foreseeable future.”
The acquisition also includes the Canoe Ridge estate vineyard located in the Horse Heaven Hills AVA. That vineyard include 153 planted vinifera acres.
“We view the Horse Heaven Hills as a premier grape growing region in the state,” said Browne. “We are excited to take a more active role in the development and marketing of this premier vineyard.”
Both Canoe Ridge and Sagelands have a long history in Washington state. Founded in 1994, Canoe Ridge was originally created as a joint partnership between a group of local Walla Walla investors and Chalone Wine Group of Napa, CA. Sagelands was established in 1984 and acquired by Chalone Wine Group in 1999. Both were sold to Diageo Chateau & Estate Wines in 2004.
Founded by Browne in 2003, Precept Wines has built a portfolio of premium wines from the Northwest.