Chaddsford Winery, the 42-year-old Pennsylvania Route 1 winery near the Brandywine Museum of Art in Chadds Ford, Pennsylvania, is up for sale.
The sale price for the 5-acre property at 632 Baltimore Pike is $4.5 million, Vice President and General Manager Corey Krejcik told Delaware Online/The News Journal on Wednesday afternoon.
He said the owners are looking to consolidate their portfolio.
“They are looking to sell the property and business together and would love for it to remain a winery, but all options are on the table,” Krejcik said.
Chaddsford, one of Pennsylvania’s oldest and largest vintners, was founded in 1982 by innovative winemaker Eric Miller, a California native who once lived in Burgundy and made wine in upstate New York, and his wife Lee Miller.
The Millers made European-style wines and were among the first locally to produce unoaked Chardonnay and to produce red wines from northern Italian varietals.
The couple retired and stepped away from the business in 2012. The winery’s current owners are the Petrillo family of New York who had worked with the Millers.
Krejcik, who worked at Chaddsford from 2007 to 2010 and returned to the winery in 2015, said the Petrillo family is “consolidating their investment portfolio and exiting the winery business.”
Chaddsford recently has been known for making “approachable, food-friendly wines, ” including dry, sweet, and sparkling styles.
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It has produced 24,000 cases annually and makes wines from grapes grown in Pennsylvania, New York and Maryland. Chaddsford wines are sold in retail shops in Delaware, Pennsylvania, New Jersey, Maryland and Ohio.
Krejcik wrote on the Chaddsford website that the property “is poised for a new generation of energized ownership, whether it be a small collective of high-net-worth local and loyal oenophiles, individual investors and partners, or a hospitality-focused private equity group looking for a strong, established brand.”
It has wholesale distribution in seven states that comprise 23% of total sales, but 45% of total sales are “largely due to the memorable events hosted at this historic venue,” Krejcik wrote.
“The Petrillo family has enabled Chaddsford Winery to become a destination to experience wine in a fun environment, encouraging exploration through unique pairings and events. Chaddsford is a strong, modern brand with a loyal following and is now positioned to take the business to the next level under new ownership,” Krejcik wrote.
The winery is still in operation.
This isn’t the first Chester County area winery listed for sale in recent years.
In 2023, Longwood Gardens confirmed that it purchased Galer Estate Vineyard and Winery, formerly known as Folly Hill Vineyards. The 7.4 acres at 700 Folly Hill Road was listed by Kurfiss Sotheby’s International Realty for $3.395 million.
The vineyard closed its doors in late September 2023. Longwood, which had previously owned the land, would not disclose how much it paid for the property. A Longwood spokesperson said there were no plans to continue it as a winery.
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“I don’t think we want to get into the wine business. We don’t have any immediate plans to do that,” Longwood spokesperson Patricia Evans told Delaware Online/The News Journal in October 2023.
Serious buyers interested in the Chaddsford winery property can email corey@chaddsford.com
If you want to read more stories from Patricia Talorico, visitdelawareonline.com/staff/2646617001/patricia-talorico You can find her on Instagram, X (formerly Twitter), and Facebook. Emailptalorico@delawareonline.com or leave a message at 302-324-2861. Sign up for herDelaware Eats newsletter.
New Jersey officials are tired of your old furnavce and boiler.
This month, they joined those from eight other states in setting a shared goal to have electric heat pumps provide roughly two-thirds of all residential-scale heating, air conditioning and water heating by 2030. By 2040, the goal is 90%.
The aim is to “reduce the carbon footprint of buildings,” which generate tens of millions of metric tons of CO2e greenhouse gases a year, said New Jersey Environmental Protection Commissioner Shawn M. LaTourette.
Buildings are the second-largest source of greenhouse gas emissions in New Jersey. They rank only behind vehicles, state reports say. In New York State, they are the largest.
“Implementing zero-emission concepts such as these into our homes and daily lives is integral to addressing the worsening effects of climate change,” LaTourette said. “This effort will benefit our economy, create jobs and contribute to healthy air.”
Heat pumps have already surpassed gas furnaces in sales in the U.S. Unlike gas furnaces, which burn natural gas and contribute to climate change, heat pumps operate by transferring heat from outdoor air into indoor spaces.
Advanced heat pumps can efficiently extract warmth from the air to heat homes even in freezing temperatures. Some can be used to provide hot water and cool buildings by reversing the process.
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As electric systems, heat pumps can run off renewable energy sources, such as wind and solar power. When running off the power grid, they can still offer significant cost savings for consumers.
A 2022 report from Acadia Center found that electrification of heating systems could bring reductions of 20% or more to the average New Jersey homeowner’s utility bills. The report, commissioned by the New Jersey Conservation Foundation, found that adding electric appliances and winterization strategies along with heat pumps could cut bills in half.
New Jersey and the eight other states pushing heat pumps — California, Colorado, Maine, Maryland, Massachusetts, New York, Oregon, and Rhode Island — plan to collaborate on various initiatives, including pursuing federal funding for incentives and promoting the installation of zero-emission, grid-interactive technologies in existing state buildings.
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The states agreed in a memorandum of understanding that at least 40% of efficiency and electrification investments should benefit “low-income households facing high energy burdens and communities historically burdened with elevated air pollution levels,” said a press release issued Feb. 7.
The states’ efforts coincide with recent federal commitments to support heat pump adoption. Last November, federal officials allocated $169 million for domestic heat pump production. Rebates and tax credits have also been offered to households making the switch to thermally efficient heat pumps and heat pump water heaters.
By tracking sales and collaborating with heat pump manufacturers, the states aim to stimulate production to meet the increasing demand. However, challenges remain, particularly in training enough technicians to install and maintain heat pump systems, said officials from the Building Decarbonization Coalition. The memorandum emphasizes the importance of workforce development and contractor training to ensure a skilled workforce capable of meeting installation demands.
A statement from the Building Decarbonization Coalition said a greater focus on workforce development, consumer education and affordability will be critical to the success of the transition. The memorandum nonetheless sends an “unmistakable signal to the marketplace that zero-emission homes are the future,” added Matt Rusteika, the coalition’s director of market transformation.
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To address vehicle emissions, state officials have been setting other deadlines. Last November, officials announced a new rule that will prohibit the sale of new gasoline-powered vehicles by 2035. Other states in the heat pump union — California, Maryland, New York, Oregon and Rhode Island — have adopted similar rules.
New Jersey’s rule, which went into effect on Jan. 1, will not prohibit the ownership or use of gasoline-powered cars come 2035. Consumers will also be able to drive new gasoline-powered light-duty vehicles purchased out of state, emissions standards aside.