A team of investors led by Napa vintner Pat Stotesbery has acquired a majority interest in Napa-based GoVino, a line of shatterproof wineglasses and decanters. GoVino founder Joseph Perrulli will retain an ownership interest and remain as creative director. The purchase price was not disclosed.
Stotesbery is the proprietor of Howell Mountain’s Ladera Vineyards, which he founded in 1996. Noting that the GoVino products have been very popular among Napa vintners, Stotesbery said, “I’m simply an opportunist when it comes to business ventures. And this is one of the best opportunities I’ve ever come across.”
Stotesbery and Perrulli had been talking casually about partnering up for years, but discussions turned serious in recent months when the majority owner of GoVino expressed an interest in retiring. Stotesbery said his son Dan and daughter Nicole Stotesbery Duncan have become more actively involved in Ladera, freeing up time and giving he and family members an opportunity to invest in growing GoVino.
Launched in 2008 as shatterproof drinking vessels for tasting rooms, GoVino products are inexpensive, recyclable and flexible, made from a BPA-free polymer. There are four designs so far: stemless versions of a wineglass and sparkling flute, a cocktail glass and a wine decanter. Stotesbery said there are significant plans for growth, with three new products to be released within a few months. GoVino's headquarters will remain in St. Helena.