Biggest winemaker in America launches Hail Mary attempt to salvage crumbling empire after mass layoffs

Struggling California winemaker E. & J. Gallo Winery has made a bold liquor industry play with its acquisition of iconic Kentucky-based Four Roses bourbon in a deal reportedly worth up to $775 million.

“Four Roses is one of the most respected bourbons in the world – defined by heritage and craftsmanship,” chief commercial officer Britt West said in a statement.

“We are committed to upholding Four Roses’ quality and building the brand as a cornerstone of our portfolio.”

The transaction comes just two months after the Modesto-based company laid off around 100 workers and shuttered its large Napa Valley production facility.

Gallo slashed staff at some of its prestigious labels, including the Louis M. Martini Winery and the Orin Swift Tasting Room in St. Helena.