Rich Frank’s Frank Family Vineyards Sold for $ 315 Million to Treasury Americas
Napa Valley Frank family vineyards was acquired by Treasury Americas for $ 315 million.
The winery has been owned and operated for 30 years by Rich Franck, a former Disney and Paramount Pictures executive who entered the grape business in the early 1990s. The acquisition covers the Calistoga, Calif., winery, brand and wineries.
The acquisition includes the Frank Family Tasting Room in Calistoga, Calif., The Benjamin Vineyard in Rutherford, the S&J Vineyard in Capell Valley and a portfolio of wines with retail prices ranging from $ 38 to $ 225 per bottle. Todd Graff, winemaker and general manager of Frank Family, will remain at Frank Family Vineyards after the closure.
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Frank and his wife, Leslie Frank, will retain ownership of Winston Hill Vineyard in Rutherford and Lewis Vineyard in Napa. Both wineries will source grapes for the Frank family’s reserve level after the sale. The deal is expected to be concluded next month.
“The acquisition of Frank Family Vineyards represents an exceptional addition to Treasury Americas’ brand portfolio and is another important step towards our ambition to become the market leader in premium wines in the Americas,” said Ben Dollard, President of Treasury Americas, an offshoot of Australia’s Treasury Wineries. “Rich, Leslie and the entire Frank Family Vineyard team have built an exceptional legacy that we are delighted to nurture for years to come. We are delighted that Rich and Leslie continue to be very involved and welcome the FFV team to Treasury Wine Estates.
Frank, who is a past president of the Television Academy and the father of Amblin TV president Darryl Frank, said the winery’s success has been gratifying for his family.
“Leslie and I look forward to continuing to be a part of the next chapter of Frank Family Vineyards, a business we have spent nearly three decades cultivating into a beloved luxury wine brand,” said Rich Frank. “We pride ourselves on creating a family atmosphere among our staff and guests and know that this legacy will continue. We, along with our team, are delighted to remain actively involved with Frank Family, while taking on new leadership roles with Treasury Americas. “
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