International owner-breeder Tom Simon has announced he is selling his USA breeding and training operations that operate as Vinery.
Vinery Australia is a separate business owned by a partnership and not included in the sale.
Simon is most interested in selling as a package the breeding and boarding farm he owns in Kentucky and the breeding and training centre he owns in Florida. Vinery also has long-term leases on the New York properties Sugar Maple Farm and Empire Stud.
“Mr. Simon is not bailing on the industry, this is mainly about his children who don’t have an interest in the horse business,” said Vinery president Tom Ludt. “It is his passion but not theirs. This is not going to be a fire sale. It is our hope to keep everything running only, eventually, with a new owner. At the end of the day, we’re a mammoth operation but we’re a profitable operation.”
Vinery Kentucky is home to More Than Ready, Congrats, Pure Prize, Limehouse, Pioneerof the Nile, Kodiak Kowboy and Street Hero.
The Vinery Florida facility stands Backtalk, Benny the Bull, Kantharos, Maimonides and Pomeroy. The Sugar Maple stallion division comprises Bluegrass Cat, Posse, D’ Funnybone, Frost Giant, Giant Surprise and Friendly Island.
“It would be hard for me to believe anything changes before the breeding season,” Ludt said of the operation that employs 110 people and manages about 600 horses.
Ludt said Simon is not interested in selling off pieces of the farms. He is primarily interested in selling to someone who wants to assume the entire U.S. operation. Offers made on individual farms will be considered but the real value of the business is its scope.
“Simon really isn’t interested in people picking and choosing,” Ludt said. “This has nothing do with raising cash. This is all about passion, and really it makes sense. The children aren’t interested, so they will handle this in a way that doesn’t disrupt the business and does not jeopardize the staff.”