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Bankruptcy Auction Of Renwood Winery Set For July 18

Editor’s note: This is not the “small lifestyle winery” in Ione written about by SavvyTaste’s Mac McCarthyIs Kent Rosenblum Buying A Winery?.

Please scroll down for an index of Wine Industry Insight’s coverage of the Renwood bankruptcies dating to 2009.

NEWS RELEASE

An auction of the assets of Renwood Winery, located in the foothills of the Sierra Nevada Mountains, has been scheduled for July 18, 2011, at 10:00 a.m. The auction will include the sale of substantially all winery assets, including equipment, inventory, leasehold interests, certain contract rights, and intellectual property, free and clear of any debt obligations.

The auction will take place at the United States Bankruptcy Court located at 501 “I” Street, 6th Floor, Department 34, Sacramento, California 95814.

Renwood Winery has 65,000 square feet of production and storage space in two facilities, which can produce and bottle up to 150,000 cases of wine per year. Facilities also include a wine cellar, tasting room, retail sales room, and administrative offices.

The winery has a 20,000 square‐foot under roof production area for harvesting, pressing and fermenting wine grapes, a 7,500 square‐foot insulated storage facility, a 17,200 square‐foot storage building for barrels, and separate tank storage with a total capacity of 3,000 barrels.

Additional highlights of the winery include:

Established customer base that includes some of the largest retailers and distributors in the U.S.

  • More then 10,000 visitors at winery’s tasting room last year
  • Flagship wine comes from the oldest clone of Zinfandel in America, dating back to the 1860s
  • Recipient of numerous medals worldwide, and subject of multiple features in top wine magazines
  • Ownership of significant intellectual property developed over 15 years of marketing
  • Experienced sales force with national footprint
  • Underutilized capacity and potential for operational improvement

“We are pleased to be part of the team that is presenting such an opportunity to the public,” said Winston Mar, Managing Director of CRG Partners Group. “Renwood represents exceptional craft and quality that is attractive to collectors, enthusiasts and investors alike. We are excited to see the auction results.”

For more information concerned the auction, including bidding, qualifications to bid, and nondisclosure requirements, please contact the following:

Contacts

Winston Mar
Managing Director
(562) 858‐2200
winston.mar@crgpartners.com

Kevin Gifford
Director
(310) 991‐3307
kevin.gifford@crgpartners.com

www.crgpartners.com

CRG Partners Group, LLC, 11835 West Olympic Blvd., Suite 650E, Los Angeles, CA 90064

About Renwood Winery

Founded in 1993, Renwood is the steward of California’s oldest Zinfandel vineyard. Renwood produces and sells eighteen foothill wine varietals, including Zinfandel, Barbera, Syrah, Cabernet Sauvignon, Chardonnay, and Pinot Grigio. For more information, please visit http://www.renwood.com/

About CRG Partners Group, LLC

CRG Partners is a leading provider of operational improvement and financial restructuring services specializing in creating value for the stakeholders of underperforming companies. CRG Partners offers superior leadership and expertise in the restructuring process, while collaborating with our clients’ management teams to quickly identify, develop and implement solutions that yield sustainable results. With an international presence and offices throughout the country, CRG Partners is one of the largest advisory and interim management firms in the U.S.

PREVIOUS WINE INDUSTRY INSIGHT COVERAGE OF RENWOOD BANKRUPTCIES


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W.J. Deutsch-Renwood Legal War Worthy Of A Grisham Novel
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Because of this, we have included links to far more than the average number of full legal […] February 17, 2010

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Renwood Winery Parent Companies File Chapter 11
Recession-induced changes in bank behavior — with bailed-out institutions lending less and paying big exec bonuses — have tripped up a prominent player in Amador County’s Zinfandel movement according to Robert I. Sterling, founder and Chairman of Renwood Winery Inc. whose two parent companies have filed Chapter 11 […] October 22, 2009