Foley Family Wines Acquires Majority Interest In Kuleto Estate

Mar 03, 2009, 12:42 ET from Foley Family Wines

Pat Kuleto To Retain Interest And Involvement In Winery

SONOMA, Calif., March 3 /PRNewswire/ -- Bill Foley, owner of Foley Family Wines, has announced that he has finalized a partnership agreement with Kuleto Estate, a Napa Valley winery owned by restaurateur, designer and vintner, Pat Kuleto. Foley Family Wines will acquire a controlling interest of Kuleto Estate, the brand and the winery parcel of approximately 22-acres of primarily Cabernet Sauvignon and other Bordeaux varieties. Kuleto will retain the remaining 700-acre property and provide grapes from the nearly 150-planted acres, as well as continue to be the face of the brand. Winemaker Dave Lattin, who has been at the winery for over 7 years, will continue making the highly acclaimed Kuleto wines.

"The partnership with Bill Foley is a perfect union," said Pat Kuleto. "This allows me to continue my involvement with the creative aspects of the winery and Bill Foley is an incredibly successful businessman and vintner. This union will also bring new resources to the property, ensuring that Kuleto Estate will remain a high quality Estate winery."

Located near Pritchard Hill, above Lake Hennessey and St. Helena, the property is neighbors with ultra premium prestige brands of Chappellet, Colgin Cellars, Bryant Family Vineyard and David Arthur Vineyards.

"The purchase greatly enhances the Foley Family Wines portfolio," said Bill Foley. "I see this as a wonderful partnership with Pat, because we both share common interests in ranching, restaurants and fine wine. I look forward to the continued success of this remarkable property."

Pat Kuleto has been involved in designing more than 190 restaurants around the world. He is the principle owner of several high-end restaurants including Boulevard, Farallon, Jardiniere, Epic Roasthouse and Waterbar in San Francisco and Martini House in St. Helena and Nick's Cove and Cottages on Tomales Bay. Kuleto Estate was founded in 1992.

Based in Sonoma, California, family-owned Foley Family Wines began in 1996 with the founding of Lincourt Winery in Solvang, California. The other wineries and brands in the portfolio include Foley Estates Vineyard and Winery, Firestone Winery and Goodnight Winery in Santa Barbara County, Merus Winery and Altvs in Napa Valley, Three Rivers Winery in Walla Walla Washington and Sebastiani Vineyards and Winery in Sonoma.

SOURCE Foley Family Wines