Estimated deal value at that time was about $3 billion.Ĭonstellation purchased the Mark West brand in 2012 from what's now Purple Wine + Spirits in western Sonoma County for $163 million and the Blackstone brand from Purple in 2001 for $144 million. Reuters in October reported that Mark West and Clos Du Bois were among the wine brands Constellation was looking to sell. and SVEDKA Vodka, the top selling imported vodka in the U.S. market Ruffino, a family of Italian wines Meiomi, the No. In turn, Gallo is acquiring a collection of great brands that complement their operational model and business strategy to provide quality products to consumers at every price point.”Ĭonstellation’s remaining wine and spirits portfolio would include Robert Mondavi brand family The Prisoner Wine Company brand family Kim Crawford, said to be the No. “This decision will help enhance organizational focus on a more premium set of wine and spirits brands that better position our company to drive accelerated growth and shareholder value. “One of the hallmarks of our success over the years has been our ability to evolve and stay on the forefront of emerging consumer trends,” said Bill Newlands, president and CEO, in the announcement. Subject to regulatory approval, the transaction is set to close at the end of the company’s first quarter of fiscal 2020, which is in May. The deal includes brands with a retail price largely of under $11 and facilities in California, New York and Washington. (NYSE: STZ and STZ.B) on Wednesday announced it inked a $1.7 billion agreement to sell around 30 wine and spirits lower-priced brands and related facilities to E. In a deal that has been rumored for months, New York-based Constellation Brands Inc.
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