Florida company to invest $100m in 700-acre Missouri wine project 7th January, 2021 by Phoebe French
Florida-based Hoffmann Family of Companies will invest US$100 million in a wine project in Missouri covering 700-acres, creating what it claims will be the largest vineyards and winery in the Midwest.
The 90-acre Balducci Winery and Vineyards has already been acquired by Hoffmann.
In a statement, the company, which has a portfolio of brands which include food and drink businesses, said it had already acquired a number of assets in the city of Augusta in Missouri.
Hoffmann has already bought the 90-acre Balducci Winery and Vineyards; Knoernschild Vineyards, which comes with 53-acres of land; The Old Augusta Wine Company building; and the old county feed store and grocery.