It’s been 12 years since Eric and Lee Miller retired from the ChaddsFord Winery. Now, the Petrillo family of New York, the remaining founders and owners, are looking to sell. The asking price for the 5-acre property on Route 1 is $4.5 million.
This would be the second local winery sale in a year. Longwood Gardens bought the Galer Estate Vineyard and Winery in September.
Chaddsford Winery’s General Manager Corey Krejcik said in a brief telephone interview the doors of the winery are not closing. CFW will stay open through the sale process and, hopefully, beyond.
“We have a legacy to preserve,” he said, and the hope is that whoever buys will keep it as a winery. He also said there have been some “great discussions” from possible buyers and that the Petrillos, brothers Gregory and Matthew, are selling simply to consolidate their portfolio.
He called the “a destination to experience wine in a fun environment” and that he appreciates the loyal following the winery developed in its 42 years.
On the winery’s website, Krejcik wrote “The winery 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 with a powerful regional presence situated on five acres of prime real estate. Under new ownership, we believe the future is ripe and poised for growth.”
During its 42 years, the winery has “become a highly respected and award-winning winery, earning prestigious accolades including the Keystone Cup for Best White Wine in Pennsylvania, Best in Show—Sparkling Semillon at the Pennsylvania Farm Show, and Pennsylvania Sommelier Judgement,” he wrote.
About Rich Schwartzman
Rich Schwartzman has been reporting on events in the greater Chadds Ford area since September 2001 when he became the founding editor of The Chadds Ford Post. In April 2009 he became managing editor of ChaddsFordLive. He is also an award-winning photographer.
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