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May 10, 1988 | DAN BERGER, Times Wine Writer
Hiram Walker of Canada has agreed to buy Clos du Bois, a California wine operation, in one of the largest winery acquisitions in state history, for about $40 million, according to a source close to the negotiations. The sale is further proof of the attractiveness of California's premium wine industry to foreign companies, which own an estimated 40 of the state's 750 wineries.
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BUSINESS
May 10, 1988 | DAN BERGER, Times Wine Writer
Hiram Walker of Canada has agreed to buy Clos du Bois, a California wine operation, in one of the largest winery acquisitions in state history, for about $40 million, according to a source close to the negotiations. The sale is further proof of the attractiveness of California's premium wine industry to foreign companies, which own an estimated 40 of the state's 750 wineries.
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