After more than a century in business, a family-owned California winery has sold itself to a southern California conglomerate as consolidation swirls in wine country.
Amid increasing competition and consolidation in the wine industry, Foley Wine Group has purchased Sebastiani Vineyards for an undisclosed sum, according to a statement released by Sebastiani. The sale includes the Sebastiani winery, a Sebastiani tasting room and event center in downtown Sonoma, Calif., and 100 acres of vineyards.
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