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May 02, 2007
Terravant Wine Company Goes “Custom Crush” in Santa Ynez Valley
Terravant Wine Company announced today that it is proceeding with plans for a “Custom Crush” wine production facility to be located in the heart of the Santa Ynez Valley.
Terravant Wine Company has filed Preliminary and Final Development Plans with the City of Buellton for 130,000 square feet of production facility. The facility will be comprised of two buildings including a 2,500 ton capacity building catering to smaller premium winemakers and a 7,500 ton capacity building catering to large lot producers.
The facility will provide an end-to-end solution for winemakers from grape sourcing and crush to long-term storage and bottling. Industry veteran Randy Pace is a principal and will serve as General Manger. The Company is backed by the Los Angeles based equity investment firm Fortune Financial. Lew Eisaguirre is the local representative of the firm and will serve as a Managing Partner to the Company. The building and site are being developed on a ‘build-to-suit’ basis by Buellton Industrial Partners II and General Partner, Tom Davidson.
Terravant Wine Company is a sister company of the Fortune Financial group of companies, founded by Fred Kayne and Associates. It has been a principal investor and exercised management control in a wide variety of business ventures focused mostly in retail and manufacturing. Currently Fortune Financial oversees eight (8) operating companies which it founded including Fortune Fashions, Big Dog Holdings, Paige Premium Denim, Fortune Swimwear, The Walking Company, Visionaire Lighting, Cottonsmith, and Terravant Land Company. Combined revenues of these sister companies exceeds $600 million annually with over 3,000 employees. Principals of these businesses own property in the Santa Ynez Valley, California.
BUELLTON, Calif.–May 2, 2007
Posted by fortna at May 2, 2007 09:46 AM
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