Constellation Brands, the leading international beer, wine and spirits firm, has announced that it is divesting part of its mainstream premium wine brands to The Wine Group. According to a company press release, the decision to sell most of its popular and mainstream premium wine portfolio to The Wine Group, including the brands Cooper & Thief, Crafters Union, The Dreaming Tree, Monkey Bay, 7 Moons, and Charles Smith Wines, is …
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Constellation Brands
Constellation Brands, a leading beverage alcohol company has acquired the remaining interest in ready-to-drink cocktail company, Austin Cocktails, from Austin, Texas. The female-founded Austin Cocktails is said to be rapidly growing and to be famous for its premium, award-winning bottled and canned craft cocktails. According to sources, Constellation Brands’ investment in Austin Cocktails started back in 2018 as part of Constellation Ventures’ Focus on Female Founders initiative and reinforces the …
Leading beverage alcohol company Constellation Brands has entered into an agreement with The Coca-Cola Company in the United States to bring the Fresca brand into the beverage alcohol sector. The partnership will launch a new product this year, the new Fresca Mix, a distinctive line of spirit-based, ready-to-drink cocktails. “The Coca-Cola Company’s FRESCA® brand is not only trusted by consumers, but also directly delivers on consumer preferences for refreshment, flavor, …
Constellation Brands, the leading international beer, wine and spirits firm, has announced plans to build a brewery in southeastern Mexico with an estimated cost of $1.3 billion. The announcement comes two years after the closure of a nearly completed $1.4 billion plant in the city of Mexicali near the US-Mexico border after residents voted against the project. According to sources, the announcement of the new brewery is expected to be …
US-based alcoholic drinks firm Constellation Brands has announced it has acquired a minority stake in Durham Distillery, a craft gin, vodka, liqueur and ready-to-drink canned cocktail producer located in Durham, NC, USA. The Durham Distillery product line includes Conniption Navy Strength Gin and Conniption American Dry Gin, Damn Fine Liqueurs (Chocolate, Mocha and Coffee), Cold Distilled Cucumber Vodka, and ready-to-drink canned cocktails (Conniption Gin & Tonic, Cucumber Vodka & Soda, …
Constellation Brands, the leading wine and spirits ompan company, has announced an agreement to sell its Black Velvet Canadian whisky brand to the distiller Heaven Hill for approximately $266 million. The firm said the sale formed part ot its “wine and spirits business transformation strategy”, including a focus on premium brands. The deal, which also includes a facility in Lethbridge, Canada and other brands associated with Black Velvet, is expected to be closed in the …
US-based alcoholic drinks firm Constellation Brands has announced it has acquired a minority stake in Montanya Distillers, a US rum firm, for an undisclosed sum. Montanya Distillers was originally founded in Silverton, CO in 2008 by Karen and Brice Hoskin and markets the Montanya Platino, Montanya Oro, Montanya Exclusiva, and Montanya Aniversaria range of rum. Montanya Distillers sells its rums in over 40 states and 7 countries around the world, …
Constellation Brands, the wine and spirits firm, has announced it has acquired a majority stake in Nelson’s Green Brier Distillery, a craft whiskey firm. Co-founded by brothers Andy and Charlie Nelson, Nelson’s Green Brier Distillery produces a variety of whiskeys under the Belle Meade Bourbon brand and is set to release a Tennessee whiskey later this year. Constellation Brands said it had initially acquired in minority stake in the whiskey …
Constellation Brands, the US wine and spirits firm, has announced it has taken a minority stake in Los Angeles-based mezcal firm El Silencio via its venture capital arm for an undisclosed sum. Available in the varieties Ensamble and Espadin, El Silencio is described as being made using “meticulously picked agaves” which are “roasted, crushed, and double distilled resulting in a full-bodied flavour”. The product is manufactured in Oaxaca, Mexico and …
US-based alcoholic drinks firm Constellation Brands has announced the acquisition of Four Corners Brewing, a Texan craft brewery founded in 2012, for an undisclosed sum. The craft beer brand will join California’s Ballast Point Brewing and Florida’s Funky Buddha Brewery within Constellation’s Craft and Speciality beer group. Four Corners flagship brands are Local Buzz Honey-Rye Golden Ale and El Chingon IPA. The firm is described as brewing “an entire portfolio …
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