– Leading Wine Closure Solution provider has announced significant sales growth in 2017 with a 13% global market share –
Vinventions, the global leader in Complete Wine Closure Solutions, has announced that it delivered 2.7 billion closures in 2017, a considerable growth from 2.5 billion in 2016, placing itself as the second biggest wine closure provider globally with 13% world market share.
“We are very glad to see how our enhanced commitment to innovation and sustainability is starting to drive our global growth in almost every country and almost every product category,” says Dr. Heino Freudenberg, President and CEO of Vinventions. “Our closure innovations help wineries and retailers to protect and enhance the soul of their wines.”
Vinventions’ vision to be the most innovative and trusted global supplier of complete wine closure solutions is strongly sustained by the Innovations and R&D divisions led by Malcolm Thompson, Chief Innovation Officer and President of the Americas for Vinventions. “Our Innovation Team is comprised of 47 highly qualified professionals, of which 20 have post-graduate and Ph.D. diplomas. This team has created 97 granted patents and 47 pending patents. It has launched 30 new products in the past 10 years, published over 30 technical and scientific papers, and won 13 major Innovation Awards globally,” Thompson says. “Our dedication to innovation results in high-performing, well-designed, fault-free and sustainable wine closures that help our customers market their wines for success.”
Last year’s volume growth was mainly driven by its nature-based Nomacorc Green Line and by its high-quality Vintop screwcaps, which demonstrates global markets’ readiness to embrace innovative and sustainable high-performance closures. Nomacorc PlantCorc™ was the fastest-growing closure category in 2017 in terms of absolute growth in units, adding +800 million units in sales worldwide (annualized).
Vinventions was created in 2015 by family entrepreneur Marc Noël together with Bespoke Capital Partners, Heino Freudenberg and additional partners. Vinventions’ vision is to be the most innovative and most trusted global supplier of Complete Wine Closure Solutions to the still and sparkling wine industry. Since January 2015, Vinventions has acquired Nomacorc, Ohlinger Group and Syntek Bouchage and has created strategic partnerships with industry leaders such as Cork Supply (natural cork). This led to the creation of Vinventions’ Complete Wine Closure Solutions, which encompass Nomacorc (PlantCorcs), Syntek (synthetics), Ohlinger (natural corks), Vintop (screwcaps) and Vinolok (glass closures) as well as Wine Quality Solutions (oenological tools and services) and Wine Marketing Solutions (marketing services and wine consumer insights). Today, Vinventions employs over 550 associates globally and operates seven production sites in USA, Belgium, Germany, France, Argentina, South Africa and China. Vinventions protects every eighth bottle of wine worldwide with its closure solutions, making it the second largest wine closure supplier worldwide with strong organic sales growth in 2017. The leadership values of Vinventions are based on customer proximity, innovation, local entrepreneurship, open teamwork, sustainability and long-term responsibility. Find out more at www.vinventions.com.