Made In Italy Fund is investing in the american market through Prosit, which has a turnover of nearly €100 million with Votto Vines
Prosit today finalized its investment in Votto Vines, an American company importing and distributing wines on the US market.
Founded in Connecticut in 2009 by the Italian-American Votto family, the company imports, markets and distributes various types of wine from all over the world, particularly from Italy.
The family, today helming the group by the same name, is likewise investing in Prosit and will carry on holding the main operational roles at Votto Vines, with support from the fund’s management and investment team, thus ensuring managerial continuity.
The quality of the products proposed and its multi-territory approach have generated a steady growth in business on the US market over the years. Votto Vines closed its accounts for 2020 with a turnover of more than $60 million and today stands as one of the largest importers of table wines from vineyards in countries such as Italy (43.3%), Spain (29%), France (18.5%), Portugal (6.3%), Argentina (2.3%) and Chile (0.4%). Nonetheless, its Italian wine imports is the segment with the most substantial impact for its revenue, and makes up a considerable share of this.