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Saint James Company acquires Californian Sapphire Wines

eos

The Saint James Company , announces today that it has acquired Sapphire Wines, LLC, owner of the Eos Estate Winery and Vineyards in Paso Robles, California.

Sapphire Wines was formed in 2007 with the acquisition of the Eos Estate Winery, an award-winning winery in Paso Robles. Earlier this year, the Napa brand Carneros Creek and Lake County’s Wildhurst joined the Sapphire portfolio. The Eos Estate Winery has been producing high quality wines since 1987, and has earned special renown for its Zinfandel and Petite Sirah wines, as well as its “Tears of Dew” Late Harvest Moscato. Also popular are its Cupa Grandis, Lost Angel and Novella labels.

Richard Hurst, Chief Executive Officer of The Saint James Company, said, “The Sapphire portfolio has grown by no less than 15% in the last year, and represents an excellent complement to our Koala Blue brand from Australia. The Eos Estate Winery is one of the largest in the Central Coast area, and Sapphire’s established distribution in the US provides a strong launch platform for those other New World wine businesses that we have agreed to acquire. We look forward to working with the existing Sapphire management team as we transition the business to Saint James.”

About The Saint James Company

The Saint James Company is a US public company, which specializes in the acquisition and distribution of New World wines, and has recently signed agreements for the acquisition of wineries and wine brands in New Zealand and for the rights to Olivia Newton John’s Koala Blue wine brand in North America. For further information, visit the Company’s website at www.thesaintjamescompany.com.

About Eos Estate Winery

Originally named for the goddess of the dawn in ancient Greek mythology, Eos Estate Winery is a state-of-the-art, eco-friendly winery that crafts premium wines. The 110,000 square foot winery and hospitality center, perched on a hilltop in the heart of Paso Robles wine country, blends wine tasting with solar-powered winemaking operations. For further information, visit the winery’s website at www.eosvintage.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions.

Friday, November 24, 2:46 pm

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