488: The Tech and Innovation Behind 2.7 Billion Wine Closures

Mar 23, 2018
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go to link When you open a bottle of wine this weekend, have you stopped to think of the closure on the bottle? Did you know that there are PlantCorcs™, Natural Corks, Vintop Screwcaps, Syntek Synthetic Corks and Vinolok Glass Closures?

Today’s guest is from Vinventions, the most innovative and trusted provider of Complete Wine Closure Solutions worldwide. In order to support its growth plans, the company has completed a successful Group Refinancing with an injection of USD 40 million from existing shareholders.

When I heard that there the company made 2.7 billion wine closures in 2017, giving it a 13% share of the total global closures market and that a combination of innovation and technology is their secret recipe, I invited Chief Innovation Officer Malcolm Thompson onto the show to find out more.

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.

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.

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