Aetna Life Insurance sold the Papagni wine...

Aetna Life Insurance sold the Papagni wine operation in Fresno and Madera counties to William R. Tatham Sr., owner of Consolidated Industries, for about $12 million, the Fresno Bee reported. Tatham said he has no plans to enter the wine business but does plan to take advantage of Papagni’s advanced machinery for producing grape concentrate for Consolidated’s food-processing division.