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Crimson Wine Group ( (CWGL) ) has issued an announcement.
On February 9, 2026, Crimson Wine Group’s subsidiary Pine Ridge Winery, LLC acquired the Raeburn wine brand and related assets from Purple Wine Company, LLC for approximately $35.2 million, funded with cash on hand and borrowings under its revolving credit facility. The deal includes inventory, intellectual property such as trademarks and trade names, and customer lists, with Crimson assuming certain related liabilities and confirming it previously had no material relationship with the seller.
Raeburn, founded in 2013 in Sonoma County’s Russian River Valley and producing about 250,000 cases annually, is a premium brand distributed through major U.S. grocery chains, independent retailers and restaurants. The acquisition immediately adds significant scale to Crimson’s existing production of over 400,000 cases a year and strengthens its position in the ultra-premium Chardonnay and Pinot Noir segments, expanding its presence at $15–$25 price points and deepening relevance with retail and on-premise customers, while enabling Purple Brands to refocus on its growing spirits portfolio led by Redwood Empire Whiskey.
More about Crimson Wine Group
Crimson Wine Group, Ltd. is a leading owner and operator of premium wineries across California, Oregon and Washington, acting as guardian of about 1,000 acres of vineyards in top West Coast winegrowing regions. Established in 1991, its portfolio includes Pine Ridge Vineyards, Seghesio Family Vineyards, Chamisal Vineyards, Archery Summit, Seven Hills Winery and Double Canyon, with wines sold direct-to-consumer and through U.S. wholesale and exports to 30 countries.
The company focuses on highly acclaimed, ultra-premium wines across key varieties and price points, with growing exposure in categories such as Chardonnay and Pinot Noir. Crimson Wine Group is also a member of the International Wineries for Climate Action initiative, aligning its operations with an industry-wide commitment to achieve carbon neutrality by 2050.
Average Trading Volume: 19,814
Technical Sentiment Signal: Sell
Current Market Cap: $101.3M
Find detailed analytics on CWGL stock on TipRanks’ Stock Analysis page.