Jackson Family to Acquire Murphy-Goode Winery

Jun 22, 2006, 01:00 ET from Jackson Family Wines

    SANTA ROSA, Calif., June 22 /PRNewswire/ -- Jess Jackson announced
 today that Jackson Family Wines has signed an agreement to acquire all the
 issued and outstanding capital stock of the Murphy-Goode Estate Winery, a
 California corporation, for an undisclosed sum. The Murphy family will
 retain their vineyard holdings.
     Situated in the heart of Sonoma County's Alexander Valley, the
 Murphy-Goode Winery has been making high quality Fume Blanc, Chardonnay,
 and Cabernet Sauvignon since Tim Murphy, Dale Goode and Dave Ready founded
 their three-family partnership in 1985. Murphy-Goode was launched with two
 wines: Estate Grown Fume Blanc and Chardonnay. In the beginning, only the
 Murphy family ranch and the Murphy-Goode Vineyard, a joint venture between
 Tim and Dale, provided the grapes. Today the winery produces primarily red
 wines, including single-vineyard Cabernet Sauvignon and Zinfandel.
     Spurred by the partners' enthusiasm and market demand, Murphy-Goode
 Winery steadily increased production, augmented with fruit from local
 farmers and neighbors. The winery's Reserve Fume Blanc, Reserve "Island
 Block" Chardonnay, and "Liar's Dice" and "Snake Eyes" Zinfandel are
 considered by many wine authorities as great examples of Alexander Valley
 winemaking style and the appellation's terroir.
     "The purchase of Murphy-Goode is a strong fit for the Jackson family
 portfolio and our expanding sales organization," said Jess Jackson, founder
 and proprietor of Jackson Family Wines. "As a friend and neighbor in the
 Alexander Valley, I have watched Murphy-Goode grow over the years,
 producing one exceptional wine after another. We all started in this
 business about the same time, and we plan to continue their historic family
 legacy of passion and commitment to quality."
     "Over the past twenty years, our three families built a dynamic,
 stylish brand in Murphy-Goode Winery," said members of the Murphy, Goode
 and Ready families in a written statement. "We are pleased that the Jackson
 family has recognized our accomplishments and we are confident in placing
 our legacy in their hands."
     Jackson Family Wines is the new name of the Sonoma County-based wine
 producing, sales, and marketing company owned by Jess Jackson and his

SOURCE Jackson Family Wines