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Hoffmann Family of Companies acquires two more wineries in Augusta as part of $100M project

Hoffmann Family of Companies acquires two more wineries in Augusta as part of $100M project Nathan Rubbelke – St. Louis Business Journal © Provided by KSDK-TV St. Louis A Florida company seeking to turn Augusta, Missouri, into a national wine destination said Friday it has bolstered its footprint there with the acquisition of two more wineries. The Naples, Florida-based Hoffmann Family of Companies has acquired the Montelle and Augusta wineries and 250 additional acres of vineyards from Tony and Cindy Kooyumjian. Financial terms of the deals were not disclosed. The properties are the latest to be acquired by Hoffmann in the Augusta, Missouri, area, about 50 miles west of St. Louis. The firm, which last month announced the acquisition of several Augusta properties and vineyards, says it could invest as much as $100 million in the area to create the largest vineyards and winery development in the Midwest.

Knoxville Biz Ticker: Virtual Debt Relief Legal Advice Clinic scheduled for March 13

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