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JULY NEWS Acquisitions Heat Up In the Northwest Precept and Jackson Family invest in Washington, Oregon vineyards Precept Wine Brands' acquisition of the Yamhela property is among the recent vineyard transactions in the Pacific Northwest. S alem, Ore.—The brakes are off for acquisition activity in by the proven capabilities of the site, and the fact a portion was the Pacific Northwest, which has seen its busiest season of already in production—cutting down time from development to deal-making in years as hundreds of acres of Willamette production. "We could have chosen to go plant, but we could have Valley vineyards have changed hands. chosen to go purchase, and the economics worked out the same. Jackson Family Wines acquired an additional 280 acres of vines Now we're going to get grapes sooner than us going planting," in the Eola-Amity Hills and Yamhill-Carlton AVAs, and Precept Browne told Wines & Vines. Browne wouldn't disclose the terms of Wine Brands acquired the 374-acre Yamhela property, winesandvines.com the purchase, but the price was competitive. "We didn't also in the Yamhill-Carlton AVA. The deals continue Learn more: underpay. We definitely didn't overpay, either," he said. Search keywords the sale of properties formerly managed by Premier Grapes from the property, which is planted to Pinot "Yamhela vineyard." Pacific Vineyards Inc. on behalf of the California PubNoir, will be channeled to Precept's existing production lic Employees Retirement System (CalPERS), portions of which as well as new brand opportunities. Precept Wine is the largest Jackson Family Wines acquired as part of a deal reached in March privately owned vintner in the Pacific Northwest and has acquired for more than 800 acres. Jackson Family Wines' latest purchase several vineyards and wineries since 2010. Based in Seattle, Wash., confirms speculation at the time that it had gone firm on 1,100 Precept sold 950,000 cases in 2012 and hopes to break 1 million acres west of Salem, Ore. cases this year. It continues to seek growth opportunities. "We're Precept Wine's purchase brings its planted acreage in Oregon to still looking at vineyard opportunities in all those markets, and 600 acres, and CEO Andrew Browne expects the Page two vintages the same thing from a branding standpoint," Browne said. GWKent_WE_Sept08.qxp 7/28/08 2:56 PM next 1 to see plantings increase by 120 acres. The purchase was driven —Peter Mitham Wine Tanks, Presses, Grape Crushers, Pumps, Valves, Fittings and more! Guaranteed best quality and value with quick delivery from stock. www.gwkent.com www.wineryparts.com 1.800.333.4288 18 W in e s & V i ne s J U LY 2 013