Vintage Wine Estates is expected to close on the purchase of Viansa Winery this week, according to multiple sources knowledgeable about the transaction.
The sale price and more details are available to Wine Executive News premium subscribers.
The troubled winery — more famous for wedding events, family problems and feuds with its neighbors than its wine — has been for sale almost constantly since its acquisition out of bankruptcy in 2007 by Laurus Master Fund, an offshore hedge fund.
A former fund partner, Lloyd Davis , who owned part of Viansa and helped run it after bankruptcy, had unsuccessfully tried to buy it late last year.
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