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Napa Valley-Based Govino Acquired By Wine Industry Investors


Date: 01/17/14

govino founder Joseph Perrulli today announced that an investor group led by Napa vintner Pat Stotesbery has acquired a majority interest in Napa Valley-based govino, the award-winning, innovative glassware company, for an undisclosed sum. The Stotesbery investor group, comprised of family members, has purchased all assets including brand technology, product lines, distribution and customer database. govino founder Joseph Perrulli, who maintains an ownership interest, will remain as creative director responsible for design, growth and development.

Launched in 2008, govino is the first product alternative to glass that was quickly adopted by wine industry sales professionals as their go-to solution for sampling wines on-the-road. Expertly bridging the gap between function and design, govino products quickly became fan favorites with Napa Valley winemakers and restaurateurs, and are now distributed throughout the US, Canada and numerous other countries including Japan, Australia, Scandinavia and the UK.

Stemless govino products are comprised of a flexible BPA free polymer which reflects wine’s color and projects aromatics much like crystal, without the challenges of delicate packaging and breakage. The shatterproof products are elegant, affordable, reusable, recyclable, and are currently available in four designs: wine glass; flute; cocktail glass and decanter with new products soon to be announced. The patented thumb-notch design on all govino products, offers ease of pouring and swirling to ensure an optimal wine tasting experience.

“Napa has always been a center of innovation and progress,” explains Napa Valley vintner Pat Stotesbery. “We see the possibilities for govino as endless, and we look forward to guiding the company to the next level while preserving the special ingenuity and integrity that is characteristically Napa Valley.”

“To take govino to the next level with the increased credibility and backing of one of Napa’s most prominent vintners is extraordinary,” says govino founder Joseph Perrulli. “The success of govino is at the heart of Napa’s wine industry and to further connect govino with Napa, one of the preeminent winegrowing regions of the world, is very important to me.

govino headquarters will remain in St. Helena, and the company will continue to create all designs and molds for product lines. Funding from the Stotesbery investor group will allow the company to accelerate expansion and broaden the product line beginning immediately. Manufacturing will continue in Chicago (supplying the US, Canada and Scandinavia) and Taiwan (supplying the Pacific Rim and Europe). All govino products can be purchased through the company’s website www.govinowine.com and through participating wine distributors, wholesalers and manufacturing representative groups.

ABOUT PAT STOTESBERY

Napa Valley vintner Pat Stotesbery and his family first became Napa winegrowers in 1996 purchasing their first small vineyard only six days after arriving in Napa for what was supposed to be a vacation. In 2000, Pat and his wife Anne also acquired what would become Ladera Vineyards, a historic pre-Prohibition era “ghost winery,” along with 185 acres of Howell Mountain land. Pat became President of the Howell Mountain Vintners and Growers Association in 2004, where he served as President since its inception until 2008 and was elected as the 2008 President of the Napa Valley Vintners where he served on the board for seven years. Pat also served on the board of the California Wine Institute. For additional information, call 707.965.2445 or visit www.laderavineyards.com.

ABOUT GOVINO

govino is the brainchild of Joseph Perrulli, a wine industry professional who had an epiphany while tasting an expensive Rhone wine at a boutique wine store in 1999. The wine merchant poured the elegant wine in a small plastic cup, and that was the ‘aha’ moment. Perrulli knew there had to be a better way to gracefully serve wines on-the-spot, and set his mind to finding a solution. Nine years of design development and several prototypes later, govino was born with Napa Valley merchants Dean & Deluca, Sunshine Foods and St. Helena Wine Company purchasing glassware from the first run. What started in the wine industry has now expanded to the broader market with govino products sold at some of the country's finest gift and housewares stores and museum shops, and supplied at events including San Francisco’s popular Outside Lands Festival. govino products have won numerous design awards including two International Design Excellence Awards and the Good Design award by The Chicago Athenaeum Museum of Architecture and Design. For additional information, call 707.501.8700 or visit www.govinowine.com.

Website: www.govinowine.com

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