Photo: Eric Risberg/AP

Fred Franzia

Fred Franzia, the creator of “Two Buck Chuck” wine, has died. He was 79.

The wine industry veteran is known for revolutionizing affordably priced wine. Bronco Wine Company, the company he founded with his brother and cousin nearly 50 years ago, shared a statement on Facebook announcing his death. According to the post, Franzia died early Tuesday morning at his home in Denair, California. They did not disclose the cause of death.

“Core to his vision was a belief that wine should be enjoyed and consumed on every American Table. When asked how Bronco Wine Company can sell wine less expensive than a bottle of water, Fred T. Franzia famously countered, ‘They’re overcharging for the water — don’t you get it?'” the statement read.

Franzia commented on their price in an interview with theSanFranciscoChroniclein 2009. “Who says we’re lower priced? We’re the best price. The others, I think, are overpriced,” he said.

Eric Risberg/AP

Fred Franzia holds a bottle of Charles Shaw chardonnay wine

That same year, he described to theNew Yorkerwhat set his $1.99 wine apart from more expensive brands. “We make wine for the people,” he said. “Napa and all their funny money — they’re all getting knocked off their thrones. I’m not falling. I’m built on rock.”

According toWine Spectator, Bronco Wine Company is estimated to be one of the largest wine brands nationwide, ranking number 13.

“Due to Fred’s vision, Bronco Wine Company has achieved vertical integration all while remaining family owned. His entrepreneurial spirit, tireless dedication, and his commitment to both his family and to the Bronco family will forever be remembered,” the company’s statement read. “His legacy will endure for generations to come.”

source: people.com