Investment group Terroir Selection owner Charles Banks has purchased 50% stake in California-based fine wine producer Wind Gap Wines for an undisclosed amount.
The purchase also includes a brand called Agharta, a separate wine label that focuses on small-production wines from Bordeaux and Rhone varieties.
Founded in 2006, the Wind Gap winery produces wines from a variety of grapes grown at cool-climate vineyards.
Wing Gap Wines founder Pax Mahle will continue to produce wines at both Wind Gap and Agharta, whereas Terroir Selection will look after the sales and marketing aspects of the winery, reported Wine Spectator.
Banks was quoted by the website as saying that the group wants Mahle to focus on wines, while they will search for additional vineyards to add to their lineup.
"It's not so much about growing volume as it is about continuing to pursue quality," Banks added.
Mahle, who previously owned Pax Wine Cellars with co-owner Joe Donelan, now plans to re-launch Pax Wine Cellars in 2013 after a dispute with Donelan. Mahle also plans to use Pax Wine Cellars' original vineyards such as Alder Springs and Castelli-Knight Ranch for producing wines.
