PASO ROBLES, Calif. (AP) -- The EOS Estate Winery, one of San Luis Obispo County's largest with 216,000 cases a year, has been placed in receivership in hopes financial problems plaguing the Paso Robles winery can be resolved.
Saint James EOS Winery bought the company from Sapphire Wines, a Tennessee-based firm owned and controlled by Jeffrey Hopmayer. Hopmayer did not disclose the terms of the deal.
Saint James chief Kerry Vix blames earlier extensive borrowing for the winery's woes. But Hopmayer says auditors determined the books were in good shape and he blames Saint James for failing to obtain funding to keep the winery afloat.
Lender Farm Credit West requested the court-ordered receiver to manage the winery, which continues to operate.
Information from: The Tribune, http://www.sanluisobispo.com
Copyright 2010 The AP.