The Duckhorn Portfolio Announces Enhanced Distribution Relationships with Republic National Distributing Company and Breakthru Beverage Group

The Duckhorn Portfolio, Inc. (NYSE: NAPA) (the “Company”) announced today that it has entered into distribution agreements with Republic National Distributing Company (RNDC) and Breakthru Beverage Group (BBG). The Company’s entry into these agreements is the culmination of a comprehensive strategic evaluation of its wholesale distribution network across the United States, with the goal of driving the profitable growth of the Company’s sales through a substantial increase in focus and investment in the wholesale channel. It is expected that RNDC and BBG will begin distribution of Duckhorn’s wines in their respective new territories during the summer.

“With the recent closing of our Sonoma-Cutrer acquisition, The Duckhorn Portfolio has grown in both scale and scope, and we are now the largest supplier of $15+ wines in the off-premise channel in the United States,” ¹ said Deirdre Mahlan, President, Chief Executive Officer and Chairperson of the Company. “Acquiring Sonoma-Cutrer provided an excellent opportunity to evaluate and optimize our distributor network across the United States to strengthen our ability to drive consistent profitable growth and increase shareholder value.”

Recognized as a premier pure-play producer of luxury wine in the United States, The Duckhorn Portfolio includes eleven acclaimed winery brands: Duckhorn Vineyards, Decoy, Sonoma-Cutrer, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Postmark, Canvasback and Greenwing. While the Company has worked with both RNDC and BBG since their respective early days in some states, the Company’s distributor agreements and new alignment will significantly expand the scope of these relationships. When the transition of territories is complete, the distribution of some or all of the Company’s winery brands will be handled by RNDC and BBG, respectively, in the following states:

Republic National Distributing Company:

Alaska, Georgia, Idaho, Indiana, Kentucky, Louisiana, Michigan, Mississippi, Montana, Nebraska, New Mexico, New York, North Dakota, Oklahoma, Oregon, South Dakota, Texas, Utah, Virginia, Washington, and Wyoming.

Breakthru Beverage Group:

Arizona, Colorado, District of Columbia, Florida, Illinois, Maryland, Minnesota, Nevada, Pennsylvania, South Carolina and Wisconsin.

“Duckhorn has worked with RNDC and BBG for decades, and each organization has always been an excellent distributor that brings a spirit of cooperation to achieving the Company’s goals,” said Pete Przybylinski, Executive Vice President, Chief Sales Officer of the Company. “As we have expanded our geographic commitment to RNDC and BBG, they have expanded their commitment to us. This will mean greater focus and investment in our winery brands, broader reach and deeper market penetration, and a shared focus on the Company’s growth that we believe will help us all to continue to outpace the market. We see many benefits of these enhanced relationships, not only for us and our distributors, but most importantly, for our retail customers and consumers.”