US: Precept Wine Acquires Ste. Chapelle Winery
US: Precept Wine Acquires Ste. Chapelle Winery
May 15, 2012 6
/PRNewswire/ -- In a move that solidifies its presence as a significant wine producer in Idaho, Seattle-based Precept Wine announced today it has purchased Ste. Chapelle Winery from Healdsburg, Calif.-based Ascentia Wine Estates.
Already the parent company of Sawtooth Estate Winery in Idaho's Snake River Valley, the latest acquisition broadens Precept's footprint as the second largest wine company in the Northwest.
"All of us at Precept are excited to bolster this flagship Idaho brand and give it the full attention and support it deserves," said Andrew Browne, Precept Wine founder and chief executive officer. "This is a reunion of sorts for me, having worked with the winery when it was part of Corus Brands; there is no doubt with our two significant players in Idaho we'll help bring the state's incredible winemaking to the national forefront."
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