The land purchases continue for Riboli Family Wines, which has announced its second acquisition in Paso Robles in as many weeks.
Riboli on Tuesday night reported it had purchased a 160-acre vineyard property in the Willow Creek District of the Paso Robles AVA. Onyx Asset Advisors LLC acted as sales agent for the Trustee of Northern Holding, LLC, by order of the United States Bankruptcy Court.
The parcel includes 80 acres of vines planted to Cabernet Sauvignon & Syrah varietals. It includes a residence but no brand or wine assets, a spokesperson for the company said.
The purchase is the eighth estate vineyard in Paso Robles for the Riboli family. It joins Riboli Estates Group’s portfolio of estate grown wines, including San Simeon, Maddelena, Opaque, Riboli Family Vineyard, Jada Vineyard & Winery, Windstream and Highlands 41.
The RIbolis own more than 1,500 acres of sustainably farmed estate vineyards according to a company spokesperson and, in recent months, has increased its estate acreage by more than 20%.
Last week, the Ribolis announced the purchase of a 100-acre parcel in the El Pomar District AVA — land located near its existing Stefano Vineyard in Paso Robles.
The decision to purchase that vineyard was partially due to its proximity to vineyards it already owned, but the water and soil quality of the land fueled the decision, fourth generation winemaker Anthony Riboli told Vintner Magazine last week.
“For our family, estate vineyards are all about controlling the farming,” Riboli said at the time. “We firmly believe that utilizing our vineyard management team yields a higher quality bottle of wine. Many wineries don’t have the capital to finance these projects. We like to control from ground to glass.”
The El Pomar District purchase followed an 89-acre December acquisition of Jada Vineyard & Winery in Paso Robles, which came with a tasting room and estate vineyards.
Jada Vineyard & Winery, which produces premium wines from small lots, has retained its name and was added to the Riboli Estates Group division of the company.