UPDATE: The sale of the Michael Mondaviwinery and vineyards in Napa Valley's Carneros region, announced June 5, involves a 100,000-case-a-year wine-making facility at 1285 Dealy Lane in Napa, according to the brokers/consultants who helped buyers Kieu Hoang and his RASS Corp. on the transaction. They are John Bergman, of Bergman Euro-National real estate brokerage, and Robyn Bentley of Pacific Union International.
The Michael Mondavi family, part of the Napa Valley elite, has sold its Carneros winery facility, vineyard and tasting room to the Kieu Hoang Winery Napa Valley, owned by American business executive Kieu Hoang, Mondavi officials said Thursday. Financial terms weren't disclosed.
The family's Winery of Napa Valley and the Hoang winery made the June 5 announcement.
The deal includes the winery, tasting room and 13 acres of adjacent vineyards. No wine brands or other properties were affected.
Craig MacLean, chief operating officer and winemaker at Hoang, said the relatively new winery has been producing wine for export since 2012, and wants to establish a U.S. "home for the brand" in Napa Valley.
Hoang, who was born in Vietman, is chairman and CEO of Rare Antibody Antigen Supply Inc., an Agoura Hills-based blood plasma and derivatives business.
The Michael Mondavi clan, meanwhile, is "actively looking" to establish a boutique winemaking facility and tasting room in Napa Valley "befitting" the wines produced under theMichael Mondavi Family Estate umbrella, Winery of Napa Valley co-founder Rob Mondavi Jr.said in the statement. The family business was launched in 1999 by four children of Michael Mondavi.
The Carneros facility had been home to the Folio Winemaker's Studio, a custom-crush winery, and more recently to the Michael Mondavi Family Estate, the statement indicated. The property being sold has a larger capacity than the much-smaller, boutique winery the family intends to secure.
The plan is to make "small-lot, prestige" wines under the Isabel Mondavi, Emblem, Animo and 'M' by Michael Mondavi labels, the family said.
All employees at the Carneros facility "have been offered opportunities with the new owner," the Winery of Napa Valley said. Its Michael Mondavi Family Estate wines will continue to be produced by Rob Mondavi Jr. and Tony Coltrin in a leased Napa Valley facility.