ITALY: Tenimenti Ruffino acquires in northeast Italy
Tenimenti Ruffino, the Tuscan winery, has made a major investment in northeastern Italy, breaking it says "traditions dating back to 1877". The company has acquired Borgo Conventi, an estate located in Friuli for US$8.5m.
Adolfo Folonari, company export director said: "We have decided to invest in Friuli because its terroir is one of the best in Italy for the production of white wines."
Borgo Conventi, created in 1975 by Gianni Vescovo, is an estate with 42 hectares of vineyards, located in the DOC areas of Collio and Isonzo. The estate has a modern fermentation facility and an underground aging cellar. And, in regards to production, Borgo Conventi averages approximately 450,000 bottles per annum.
Its flagship wines are Braida Nuova (a blend of Cabernet Sauvignon and Merlot) and Colle Russian (an oak-aged Chardonnay). The estate also produces premium wines from the DOC and IGT areas, such as Borgo Conventi Collio DOC single-estate wines, I Fiori del Borgo Isonzo DOC wines and Lumina del Borgo Venezia Giulia IGT wines.
In a statement the company said: "Expanding Tenimenti Ruffino's scope into northern Italy will prove to be an exciting challenge ahead. Borgo Conventi is the perfect opportunity for Tenimenti Ruffino to extend its philosophy of utilizing the necessary combination of dedication, tradition and terroir to produce the finest wines of Italy."
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