Kendall Jackson BUYING into Oregon, land rush is ON!!!!
Time to revisit WVVI, the Oregon land rush has started, and KJ fired a LARGE shot. Purchased three different vineyards and somewhere between 700 and 1000 acres of land. The Oregon win industry as all buzzing with the potential
"Aimee Sands, Jackson Family Wines' senior communications manager, declined Friday to address specifics, saying, "We do not discuss rumors or speculation nor do we share details around grape purchases or wines prior to release."
She added, "However, as specialists in cool-climate varietals we've always focused on exploring the finest growing regions for Pinot Noir and Chardonnay, and the Willamette Valley has an excellent reputation."
Dundee winemaker Joe Dobbes, reached Thursday at a trade event in Chicago, said he has signed a contract with LaCrema calling for him to make a "significant" amount of pinot noir for that label from grapes harvested in Oregon last fall.
Dobbes said he could not comment, though, on whether the company has bought vineyards in the state.
"But if they decide to make a permanent play in Oregon, I think that's a good thing to have a major serious producer with large distribution working here," said Dobbes, whose company, Wine By Joe, has received two significant infusions of cash in the past year from Bacchus Capital Management, a San Francisco- and New York-based investment firm. "We're still a young and fledgling industry, but clearly, the snowball is rolling downhill and it's getting bigger."
Ted Casteel, a partner in Bethel Heights Vineyard northwest of Salem, said one of the two targeted properties, a vineyard named Zena East, is part of a "necklace" of vineyards ringing the Eola Hills.
Casteel added that a close friend, whom he declined to identify, has been approached by Kendall Jackson executives.
"Several of them came up on private jets for a day and stated their intention of investing in Oregon," Casteel said."