Ace Cider Explained

Ace Cider
Type:Public
Predecessors:-->
Successors:-->
Founder:Jeffrey House
Hq Location City:Sebastopol, California
Hq Location Country:United States
Areas Served:-->
Owners:-->
Parent:Vintage Wine Estates, Inc.

Ace Cider is a hard cider company based in Sebastopol, California, United States. It is publicly owned operated by Vintage Wine Estates, Inc. (NASDAQ: VWE) (TSX: VWE.U) (TSX: VWE.WT.U)

History

California Cider was founded by Jeffrey House in July 1993. The company makes cider, an alcoholic beverage fermented from apples, and was one of the first cider companies formed in the US after the end of Prohibition. ACE Cider also opened the first modern cider-centered pub in the US in 1999. While the pub closed in 2010, the company maintains a cider tasting room on its premises. Mr. House located his business in the Sonoma County historic apple growing region because it reminded him of his native England.[1] [2]

On November 15th 2021, Ace Cider was sold to Vintage Wine Estates, Inc. for $47.4 million.[3] In July 2024, Vintage Wine Estates filed for Chapter 11 bankruptcy protection, with plans to sell all of its assets, including Ace Cider.[4]

Location

ACE Cider has become a significant employer in the largely rural "West County" portion of Sonoma County. The company's existence and success (as demonstrated by rapid sales growth in the 3–5 years prior to 2013 in particular) bucks the trend of the "homogenization" of the county's agricultural economy, i.e. the domination of agriculture by the production of wine grapes.[5] [6]

See also

Notes and References

  1. Alastair. Bland. California's Disappearing Apple Orchards. Smithsonian Magazine. 2011-11-02. 2013-01-18.
  2. Book: True Brews: How to Craft Fermented Beer, Wine, Cider, Sake, Soda, Kefir, and Kombucha at Home . Emma Christensen . Ten Speed Press . 2013 . 9781607743385 . 11 February 2020.
  3. Web site: Vintage Wine Estates, Inc. Completed the acquisition of ACE Cider for $47.4 million. - MarketScreener . 16 November 2021 .
  4. Web site: Vintage Wine Estates files for bankruptcy. Broadbent. Jessica. July 24, 2024. July 24, 2024. Just Drinks. en.
  5. News: Andrea. Granahan. Cracking open the cider door . . 2012-12-04 . 2013-01-15 . https://web.archive.org/web/20130527041713/http://sebastopol.towns.pressdemocrat.com/2012/12/news/the-ace-up-sebastopols-sleeve/ . 27 May 2013.
  6. News: Robert. Digitale. Ace Cider expands in Sebastopol . . 2011-07-05 . 2013-01-15 . https://web.archive.org/web/20111105232242/http://www.pressdemocrat.com/article/20110705/BUSINESS/110709759. 5 November 2011.