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