The global beverage alcohol company Constellation Brands, Inc has acquired minority stake in Booker Vineyards super-luxury, direct-to-consumer (DTC) focused portfolio of Paso Robles, California wines.
- As part of the agreement, Constellations wine and spirits team will support Booker Vineyards growth objectives to expand distribution for its wholesale, Cabernet Sauvignon-based My Favorite Neighbor and Harvey & Harriet wines, within the United States.
- The investment complements Constellations TRU Fine Wine portfolio, which includes Schrader Cellars, Robert Mondavi Winery, The Prisoner Wine Company, Mount Veeder Winery, To Kalon Vineyard Company, and Ruffino Estates, among others.
The prominent deals and expansions by Constellation Brands are featured below:
July 2020, Constellation Brands, has purchased a high-performing, digitally-native wine brand Empathy Wines. The acquisition of Empathy Wines helps Constellation Brands to build direct-to-consumer (DTC) platform with high-performing digital technology and digital capabilities.
May 2020: Constellation Brands, Inc. announced that it revised wine and spirits agreement with E. & J. Gallo Winery to divest a portion of Constellations wine and spirits portfolio principally priced at $11 retail and below, including certain related facilities located in California, New York, and Washington.
March 2020: Constellation Brands, Inc. has completed the sale of Ballast Point to Kings & Convicts Brewing Co. The deal includes sale of the Ballast Point brand and a number of its associated production facilities and brewpubs, excluding Constellations operations facility in Daleville, Virginia, the USA.
February 2020, Constellation Brands and Karma Wellness Water, Constellation Ventures first minority investment in a non-alcoholic brand, have collaborated to launch a new marketing campaign to optimize the potential of the Karma beverage brand and its patented cap technology.
January 2020, Through Constellation Brands Ventures Focus on Female Founders program, Constellation has acquired a minority stake in PRESS Premium Alcohol Seltzer. Focus on Female Founders is committed to supporting the advancement of women within Constellation and within the industry through meaningful investments in female-founded and female-led businesses doing disruptive and innovative work across beverage alcohol and adjacent categories.
About Constellation Brands
Constellation Brands is a leading international producer and marketer of beer, wine and spirits. Headquartered in Victor, New York, Constellation Brands has operations in U.S., Mexico, New Zealand, Italy and Canada. The companys global beer brand includes -Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico. Its high-quality premium wine and spirits brands, includs the Robert Mondavi brand family, Kim Crawford, Meiomi, The Prisoner brand family, SVEDKA Vodka, Casa Noble Tequila, and High West Whiskey