Duckhorn Enhances Board with Strategic Additions
Portfolio - People | Mar 05, 2025 | Butterfly
The Duckhorn Portfolio, a prominent luxury wine company in North America, has announced the appointment of two seasoned consumer packaged goods executives, David Klein and Tom Flocco, to its Board of Directors. Klein, who brings over 30 years of strategic leadership experience, previously served as CEO of Canopy Growth Corporation and significantly contributed to Constellation Brands' growth. Flocco, a veteran C-suite executive with more than 35 years in the field, is the current CEO of Pete & Gerry's Organics and has held significant positions at Utz Brands and Beam Suntory. These appointments follow Butterfly Equity's acquisition of The Duckhorn Portfolio, with the PE firm recognizing the strategic and financial expertise Klein and Flocco bring as assets for Duckhorn's accelerated growth phase. Butterfly Equity boasts a robust track record of investing in and scaling prominent consumer brands, a strength they hope to leverage in guiding Duckhorn's journey as a market leader in luxury wines.
Sectors
- Wine Industry
- Private Equity
- Consumer Packaged Goods (CPG)
Geography
- United States – The Duckhorn Portfolio is based in the United States with a significant presence in the Napa Valley and across other states for its vineyards and wine production.
- North America – Butterfly Equity, based in Los Angeles, operates in North America, focusing on investment the food sector including Duckhorn as a luxury wine producer.
Industry
- Wine Industry – The article discusses The Duckhorn Portfolio's status as a leading luxury wine company in North America.
- Private Equity – Butterfly Equity is a private equity firm involved in the acquisition of The Duckhorn Portfolio, illustrating its role in the financial transactions and strategic guidance in the wine industry.
- Consumer Packaged Goods (CPG) – The article mentions executives with extensive experience in the CPG industry, highlighting their roles in companies like Canopy Growth and Pete & Gerry's Organics.
Financials
- $50 billion – Significant enterprise value growth led by David Klein during his tenure at Constellation Brands.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Duckhorn Portfolio | Target Company | Company | A leading luxury wine company with an extensive portfolio of wineries across North America. |
| Butterfly Equity | Bidding Company | Company | A private equity firm specializing in investments in the food sector, including the acquisition of The Duckhorn Portfolio. |
| David Klein | Board Member | Person | Newly appointed board member at Duckhorn, with a background in both financial strategy and executive roles in beverage companies. |
| Tom Flocco | Board Member | Person | Seasoned executive joining Duckhorn's board from a background in CPG and beverage companies. |