Wine Industry Veteran Partners with Leading Italian Food Company for Acquisition of Boutique Italian Wine Importer

Apr 12, 2019 130

Enrico Colavita and Nunzio Castaldo announced today Colavita’s investment for joint ownership of highly regarded Italian wine importer, Panebianco LLC . “My family has been looking a long time for the right opportunity to get into the wine business,” explained Enrico Colavita, President of Colavita SpA, which has its international headquarters in Pomezia Italy. “In Nunzio, we’ve gotten the perfect partner and, in Panebianco, we’ve found another family business dedicated to bringing great, estate-grown Italian agricultural products to the US.”

“Livio Panebianco assembled an excellent portfolio of family-owned companies that make estate wines reflective of their terroir. Taking stewardship of this great company is a once-in-a-lifetime opportunity,” said Nunzio Castaldo, former Senior Vice President, Portfolio Management, and 31-year veteran of Winebow. He added, “I’m thrilled to be partnering with Colavita. They’re a family-owned, agricultural company that is passionate about their business and focused on quality, authenticity and place of origin.”

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SOURCE: https://www.prweb.com

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