Industrie Zignago Santa Margherita S.p.A. | Introduction
Introduction
Via Ita Marzotto 8
Fossalta Di Portogruaro
I-30025 VE
Italy
Telephone: +39 0421 246111
Fax: +39 0421 246246
Web site: http://www.zignago.com
Public Company
Incorporated: 1940 as Societa Fondaiaria Agro Alimentare SFAI
Employees: 1,684
Sales: EUR 258.1 million (2003)
Stock Exchanges: Borsa Italiana
Ticker Symbol: IZ
NAIC: 327211 Flat Glass Manufacturing; 312130 Wineries; 313312 Textile and Fabric Finishing (Except Broadwoven Fabric) Mills; 551112 Offices of Other Holding Companies
Mini-conglomerate Industrie Zignago Santa Margherita S.p.A. operates in three primary sectors: glass, textiles, and wine. The company is one of Italy's largest wine producers and distributors through its Santa Margherita subsidiary. Santa Margherita operates wineries throughout Italy, including Torreslla in the Veneto region; Kettmeir, in Trentino Alto Adige; Ca' del Bosco, in the Lombard region; and Chianti Classico wines at the Lamole and Vistarenni wineries in Tuscany. The company also produces fine and sparkling wines in Veneto and Trentino Alto Adige. Santa Margherita sells some 15 million bottles per year; the export market accounts for 55 percent of the wine division's sales. Zignago's glass operations include Zignago Vetro in Italy and Verreries Brosse in France. These subsidiaries produce bottles and glass containers for the food, beverage, cosmetic, pharmaceutical, and other industries. Zignago Vetro is Italy's leading producer of glass food packaging products, which account for 40 percent of the division's sales. Zignago Vetro and Verreries Brosse also combine to form the world's fifth largest producer of perfume bottles—including the Brosse-designed Chanel No. 5 bottle. Zignago's third division focuses on the high-end linen segment of the textile market. Linificio e Canapificio Nazionale, the group's textile operation, is the second largest producer of wet and dry spun linen in Europe, producing up to 4,300 tons per year. Zignago also has a number of minor investments in other companies. Zignago itself is controlled by the Marzotto and Dona dalle Rose families. Zignago and Marzotto, owner of designer names such as Valentino, Armani, Hugo Boss, and others, have been moving to combine their operations.