New Vine Logistics Acquires Wrap-It Transit
New Vine Logistics, a leader in consumer direct fulfillment and supply chain solutions for the wine industry, today announced the acquisition of Wrap-It Transit, an industry leader in wine fulfillment and storage. With over 25 years in the wine industry, Wrap-It Transit is a trusted partner for shipping wine and related merchandise directly to consumers, as well as providing wineries with transportation services. Together the companies offer unprecedented full-service consumer-direct logistics services — adding new capabilities to New Vine Logistics’ existing suite of order fulfillment and compliance management services. Wrap-It Transit will continue to operate independently for the next 90 days until the transition is complete.
“The acquisition of Wrap-It Transit allows both our companies to enhance the service we provide our winery customers, rapidly and seamlessly extending our ability to manage all fulfillment requirements for the consumer-direct channel,” said Kathleen Hoertkorn, CEO, New Vine Logistics. “We’re also expanding our market presence and executive team by adding a well-respected industry innovator.”
As part of the acquisition agreement, Wrap-It Transit’s President and CEO, Ted Apostolou will join New Vine Logistics as Executive Vice President of Business Development, leveraging his expertise in wine transit, fulfillment and logistics. The acquisition firmly establishes the combined companies as the industry leader by adding new transportation services and volume, to New Vine Logistics’ 140,000 square foot state-of-the-art fulfillment center.
“We’re excited to join forces with New Vine Logistics,” said Ted Apostolou, Executive Vice President of Business Development, New Vine Logistics. “Together we share a focus on exceptional customer service and vision for offering a truly full-service, world-class solution for wine fulfillment.”
About New Vine Logistics
New Vine Logistics provides the wine industry’s first comprehensive consumer-direct fulfillment solution. The company provides a complete set of shipping and logistics services, order management, and regulatory compliance services. Customers include top wineries, such as J Winery, Cline Cellars, Clos du Val, Fisher Vineyards, and Araujo Estate Wines; wine clubs such as VinUnici and Bottlenotes; and third party retailers ranging from iGourmet to Lufthansa.
The New Vine Logistics team is comprised of experts from the wine, shipping regulations and compliance, technology and marketing industries. Company executives have worked with industry leading companies, such as the Morrell Wine Group, DHL Worldwide Express, IBM, WineShopper.com and Oracle. The company’s financial backers include top venture firms such as Kleiner Perkins Caufield & Buyers, Altos Ventures, Thomvest Ventures and others.