Caprock Winery up for Auction in July - KCBD NewsChannel 11 Lubbock

6/10/10

Caprock Winery up for Auction in July

By Katie Bauer  - bio | email

LUBBOCK, TX (KCBD) - A popular area winery is soon to be up for auction, and the future of the brand could be in question. For nearly two decades, Caprock Winery has been filling glasses on the South Plains, but last December the company filed for bankruptcy and on July 12th it will go up for auction.

General Manager Phillip Anderson has been with the company for the last two and a half years. "We have all the structure that you need, we just need to kind of get a better plan going forward," said Anderson.

Anderson says Caprock will be sold as a winery, but the name and even the wine blends could all be up for grabs."I feel certain that whoever is going to do this is going to do the things that are working and maybe change the things that aren't," said Anderson.

But nothing is guaranteed, including Anderson's job, and his current employees. "You never know, they may have their own crew, I think it's more likely that they will want to keep the staff that works the tasting room, maybe they will keep me, maybe they won't. I'll find out in July," said Anderson.

Some good news though, whoever buys the winery is obligated to keep any contracts that have already been made.

"If we say we are going to have your wedding in September, we are still going to have your wedding in September. If we said we were going to crush grapes for another winery in August, we are still going to crush grapes for that winery in August," said Anderson.

But despite some financial troubles, Anderson believes with the right ownership, this winery will ripen. "We're still going to be here, we may have some changes but the winery will still be here and we'll still be doing some fun stuff," said Anderson.

The winery, which is located off Highway 87 and Woodrow Road, will be open to potential buyers June 25th, July 2nd, and July 9th, from 11:00am- 2:00pm.

The opening bid for the July 12th auction is set at $100,000.

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