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John Ferolito is an American entrepreneur who is co-founder of the Arizona Beverage Company, maker of Arizona Iced Tea. AriZona Iced Tea. Ferolito joined with partner Don Vultaggio in the 1970s to establish a Brooklyn -based discount beer and soda delivery company, starting with a used Volkswagen bus and adding trucks as the business grew.
Other than its colorful cans, the company might be best known for the nearly decade-long bare-knuckle legal brawl between Vultaggio and John Ferolito, his friend and 50% partner for 40 years.
The company roots trace back to 1971 when friends John Ferolito and Don Vultaggio opened a beverage distribution business in Brooklyn, New York. The company was a successful beer distributor.
May 23, 2024 · In 2015 he was ordered to buy out his former friend and partner, John Ferolito, for about $1 billion to settle a lengthy, bitter shareholder dispute. Wealth History.
In 1992, he and John Ferolito started Arizona from a warehouse in Brooklyn. In 2015, following a lengthy and bitter legal battle, he bought out Ferolito for about $1 billion. Personal life. Vultaggio is married to Ilene, an artist. They have two sons, and live in Port Washington, New York.
Sep 1, 2022 · Don Vultaggio and John Ferolito ran a thriving beverage distribution business in Brooklyn. Always on the lookout for new opportunities, as entrepreneurs are wont to do, Vultaggio was inspired by ...
May 24, 2022 · In 1998, company founders Don Vultaggio and John Ferolito entered an agreement in which the former would operate the company, allowing the latter to move out of state (via Reuters). Under terms of the deal, selling company stock to outsiders was forbidden. A decade later, however, Ferolito had a change of heart and wanted to sell AriZona Beverages.
