He said: “We are committed to remaining a family-owned company focused on growing the wine industry. While we continue to invest in our premium and luxury businesses, we see a tremendous opportunity with this acquisition to bring new consumers into the wine category. In addition, the firm has purchased six wineries in California, Washington and New York.Īccording to Joseph E Gallo, group CEO, the acquisition will allow the company to offer a greater ladder of product prices and recruit new drinkers. In terms of wine, Constellation has retained the Robert Mondavi, The Prisoner Wine Company, Kim Crawford, Ruffino and Meiomi brands, as well as “high-end” wines Simi, Schrader Cellars and Mount Veeder, and “wine innovations” Cooper & Thief and Spoken Barrel.Į&J Gallo confirmed it has acquired the wine brands Clos du Bois, Black Box, Estancia, Mark West, Wild Horse, Franciscan and Ravenswood. Svedka Vodka, Casa Noble Tequila and High West American whiskey remain in Constellation’s portfolio.
Paul Masson is one of the world’s largest brandy brands, selling two million cases. In a statement, Constellation confirmed the sale includes its Paul Masson brandy and Black Box vodka brands. According to the New York-based group, the sale will allow it to hone its premium focus. The deal includes brands “principally priced” at US$11 RRP or below and mostly relates to Constellation’s wine portfolio. Paul Masson brandy is included in the US$1.7bn deal US drinks firm Constellation Brands has agreed to sell approximately 30 wine and spirits brands to E&J Gallo Winery for US$1.7 billion.
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