Louis Roederer completed the acquisition of Diamond Creek.

Louis Roederer, a producer of champagne, completed the acquisition of Diamond Creek, a vineyard planted with Cabernet Sauvignon and a small amount of Petit Verdot. Financial terms were not disclosed. "My mom was involved with this. And we had been looking for the right partner to continue our great legacy. Both families are excited about this. I'm second generation, and there isn't a third generation to carry on. We would have done that if there were. But with the situation as is, this was the right thing to do. Frédéric is a class act," Phil Ross, Diamond Creek.