Crimson Wine Group, Ltd 8-K

What Happened
On February 9, 2026, Crimson Wine Group, Ltd. (via its wholly‑owned subsidiary Pine Ridge Winery, LLC) announced it entered into and closed an Asset Purchase Agreement with Purple Wine Company, LLC to buy certain assets for approximately $35.2 million. The acquired assets include inventory, intellectual property (rights, trademarks and trade names), and consumer/customer lists; Pine Ridge also assumed certain liabilities related to those assets. The purchase was funded with cash on hand and borrowings under Crimson Wine Group’s existing revolving credit facility. The Asset Purchase Agreement (filed as Exhibit 2.1) contains customary representations, warranties, covenants and indemnification provisions.

Key Details

• Transaction date: February 9, 2026 (agreement entered into and closed the same day).
• Purchase price: approximately $35.2 million.
• Assets acquired: inventory, intellectual property (rights, trademarks, trade names), consumer and customer lists; certain liabilities assumed.
• Funding: cash on hand plus borrowings under the Company’s revolving credit facility.
• Filings: Asset Purchase Agreement attached as Exhibit 2.1; press release attached as Exhibit 99.1. Company states no prior material relationships with the seller.

Why It Matters
This transaction expands Crimson Wine Group’s asset base by adding inventory, brand-related intellectual property and customer lists, and it also brings assumed liabilities onto the balance sheet. Because the deal was financed with both cash and revolver borrowings, investors should note the effect on the company’s liquidity and leverage metrics as reflected in future financial disclosures. The agreement’s material terms are filed with the SEC for review (Exhibit 2.1).