Crimson Wine Group, Ltd (CWGL): M&A transaction — Crimson Wine Group acquires Raeburn brand from Purple Brands for $35.2M

Crimson Wine Group, Ltd

Purchase price of approx. $35.2M for Raeburn brand and related inventory assets.
Raeburn produces ~250,000 cases annually, retailing $15-$25 per bottle.
Acquisition funded with cash on hand and borrowings under existing revolver.
Crimson may execute a rights offering later in 2026, subject to market conditions.
CEO says deal reinforces Crimson's position as a leading fine wine company.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Crimson Wine Group, Ltd completed an acquisition involving Purple Wine Company, LLC for approximately $35.2 million (closed 2026-02-09).

Action: acquisition
Counterparty: Purple Wine Company, LLC
Consideration: approximately $35.2 million
Closing: 2026-02-09

Exact text from the filing

and certain consumer and customer lists, and assumed certain liabilities of Seller in connection with the acquired assets. The purchase price for the assets was approximately $35.2 million. The acquisition of the assets under the Asset Purchase Agreement was funded with cash on hand and borrowings under the Company’s existing revolving credit facility. The Asset

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Crimson Wine Group, Ltd filing history →

Source: SEC EDGAR

accession 0001628280-26-006389

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