Crimson Wine Group completed the acquisition of Raeburn Wine Brand of Purple Brands.

Crimson Wine Group, an owner and operator of premium wineries, completed the acquisition of Raeburn Wine Brand of Purple Brands, a brand-led business with a distinguished portfolio of wine and spirit brands. Financial terms were not disclosed. "The acquisition of Raeburn reinforces our position as a leading fine wine company. The Raeburn portfolio, rooted in Sonoma County, will significantly increase our market presence and relevance with our retail and on-premise customers through a portfolio of varietals selling in the $15 to $25 retail price points. Raeburn is led by one of the Top 10 largest Chardonnay brands sold domestically, providing Crimson with a proven player in the growing luxury Chardonnay and White Wine categories," Jennifer Locke, Crimson Wine Group Chief Executive Officer.