Foley Family Wines (FFW) has reached a deal to acquire historic Silverado Vineyards for an estimated $150 million, according to Wine Spectator.
As one of the first wineries in California’s iconic Napa Valley, Silverado Vineyards was founded in 1981 by Ron Miller and Diane Disney Miller and helped to establish the region as one of the country’s most distinguished winemaking AVAs. Silverado owns seven family-run vineyards throughout Napa Valley and is well-known for Sauvignon Blanc, Chardonnay, Sangiovese, and Merlot varietals. The vineyard has a current annual production of 68,000 cases and up until the sale was run by the Miller children. In addition to the Silverado brand, the deal includes 300 acres of vineyards.
Silverado is the latest in a string of headline-making acquisitions by FFW. The company bought Chateau St. Jean in December 2021, and Ferrari-Carano in June 2020. Established in 1996, Foley Family Wines was the product of Bill Foley’s 1,000-acre purchase along the central California coast where he created Lincourt Winery. Since then, the company has carefully crafted a portfolio of more than 1.5 million cases by acquiring and building out luxury estate wineries. Over the last two decades, the company has added to its robust portfolio of producers, now encompassing brands from California, Oregon, and Washington.
In 2009, Foley Family Wines began expanding its footprint into the southern hemisphere as well, targeting vineyards considered integral to New Zealand’s winemaking history. The company now owns up to 14 New Zealand-based brands across prominent wine-producing regions.
FFW was ranked as the 18th-largest wine company by Wine Business Monthly in 2020, producing 1.5 million cases before the two aforementioned acquisitions.