Thursday, August 24, 2006

Freemark Abbey, Arrowood and Byron Acquired

FreAbArWodByn-w.jpgVintners Jess Jackson and Barbara Banke have scored!

Jess Jackson, his family and Wilson Daniels Ltd., a subsidiary of Youngs Market Company, jointly announced the resolution of the Legacy Estates' distribution agreement with Wilson Daniels allowing the Jackson family to proceed with its acquisition of the Legacy assets as part of the bankruptcy proceedings pending in Santa Rosa, California. The removal of the Wilson Daniels contingency makes the Jackson family the successful bidder in the auction conducted and approved last Wednesday in the Santa Rosa Bankruptcy Court.

Freemark Abbey, located in St. Helena in the Napa Valley, Arrowood Vineyards & Winery in Sonoma County's Glen Ellen and Byron Vineyard & Winery in the Santa Maria appellation of Santa Barbara County make up the Legacy Estates Group.

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