Scheid Vineyards Inc. | Introduction
Introduction
305 Hilltown Road
Salinas, California 93908
U.S.A.
Telephone: (831) 455-9990
Fax: (831) 455-9998
Web site: http://www.scheidvineyards.com
Public Company
Incorporated: 1972 as Monterey Farming Corporation
Employees: 75
Sales: $26.4 million (2003)
Stock Exchanges: NASDAQ
Ticker Symbol: SVIN NAIC: 111332 Grape Vineyards; 312130 Wineries
Scheid Vineyards Inc. is a leading independent vineyard, controlling 5,600 acres of vineyards along California's central coast. The company, the first vineyard not owned by a winery to be publicly traded in the United States, produces 17 varieties of premium wine grapes, supplying more than 30 wineries. Scheid Vineyards' most important grape varieties are Chardonnay, Cabernet Sauvignon, Merlot, Pinot Noir, Sauvignon Blanc, and Syrah. The company produces a small amount of wine under its own label, approximately 5,000 cases a year, to showcase the quality of its wines. Scheid Vineyards contracts with wineries, usually under long-term agreements, to grow wine grapes according to the wineries' specifications. The company is managed and majority-owned by the Scheid family.