Truett-Hurst Buys Half Of Daryl Groom’s Colby Red Wine Brand

Truett-Hurst has bought 50% of the Colby Red wine brand from Daryl Groom, according to documents filed with the Securities and Exchange Commission today.

Colby Red was conceived by Groom’s son, Colby, as a fundraiser for heart research:  Colby Red: Winemaker’s Teen Son Raises $350,000 For Heart Health.

The price and current production numbers were redacted from the agreement. The SEC document stated that the deal had been signed October 9.

Direct access to the full agreement as filed with the SEC can be accessed by Wine Executive News premium subscribers at this link: THST-Groom-ColbyRed-Agreement.docx