Riboli Family Wines Completes Bankruptcy Purchase of Former Rabbit Ridge Property

Previous Wine Industry Insight Articles on Rabbit Ridge

• Farm Credit, Bankruptcy Trustee Working Out Final Details of Rabbit Ridge Winery Final Sale
• Rabbit Ridge’s New Owner — Fluid Wine Fund I — Poised For Future Built On Tangled Bankruptcy Assets
• Rabbit Ridge Winery Properties Set for Over-Bid Auction
• Riboli drilling test water wells for possible Rabbit Ridge Winery Purchase
• Simultaneously evicted and not. Is Rabbit Ridge the Schrödinger’s Cat of Wineries?
• Rabbit Ridge Winery Bankruptcy Trustee Hires Farm Operator for 2021 Harvest; Most Grapes Still Unsold
• Deadlines and dueling appraisals set up Rabbit Ridge Winery property for an existential turning point in mid-June
• Unusual court proceedings mark bankruptcy auction for Rabbit Ridge Winery property scheduled for June 10 auction

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NEWS RELEASE – March 16, 2022

 

Riboli Family Wines Announces Acquisition of Willow Creek District, Paso Robles Vineyard 

 

 

Paso Robles, CA, March 16, 2022 – Riboli Family Wines has announced the acquisition of a 160- acre vineyard property in the Willow Creek District of the Paso Robles AVA.  The parcel includes 80 acres of vines planted to Cabernet Sauvignon & Syrah varietals.  

 

The acquisition is the eighth estate vineyard in Paso Robles for the family-owned company, which recently purchased a 100-acre property in the El Pomar District as well as Jada Vineyard & Winery in December.  

 

“We are excited to add yet another vineyard in the exclusive Willow Creek District,” says 4th generation winemaker, Anthony Riboli. The vineyard joins Riboli Estates Group’s portfolio of estate grown wines, including San Simeon, Maddalena, Opaque, Riboli Family Vineyard, Jada Vineyard & Winery, Windstream, and Highlands 41. 

 

The purchase includes the vineyard parcel, a residence, but no brand or wine assets. By order of the US Bankruptcy Court, Onyx Asset Advisors, LLC acted as Sales Agent for the Trustee of Northern Holding, LLC.  

 

 

ABOUT RIBOLI FAMILY WINES 

Riboli Family Wines, family-owned since 1917, celebrates over a century crafting award-winning wines. Wine Enthusiasts’ 2018 American Winery of the Year, Riboli Family Wines includes Riboli Estates Group – a portfolio of estate-based brands sourced from the family’s 1,500 acres of sustainably farmed vineyards in Paso Robles, Monterey, and Napa Valley – as well as Stella Rosa®, the #1 Import Brand and the largest selling brand over $10 in the US*. With a natural affinity for creativity and innovation, the third and fourth generations of the Riboli family continue to lead the industry and push the boundaries of winemaking and the wine drinking experience. For more information, please visit www.riboliwines.com.  

 

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* Source: Impact Databank 2022. Based on retail value.