BRUNTON ACQUIRES JERIKO WINERY

Brunton Vineyards, Inc. has signed a letter of intent to acquire a 160 acre Mendocino-based vineyard and winery, Jeriko Vineyards. Both parties have agreed to a $16.5 million all cash transaction to close the deal in the second quarter, after which Jeriko will become a wholly owned subsidiary.

Brunton reportedly plans to increase production capacity from its current 25,000 cases a year to over 100,000 cases from the Jeriko winery.