USA: Constellation Brands acquires SpikedAde
Constellation Brands, the US-based total beverage alcohol company, has expanded its portfolio with the acquisition of alcoholic sports drink brand SpikedAde for a payment of $75 million at close. The transaction includes 100% ownership of the business, alongside contingent consideration of up to $278 million payable over five years based on future performance, according to […]
USA: Poulter Family Wines completes acquisition of Constellation Brands assets
Poulter Family Wines, the family-owned New Zealand wine and beverage business, has completed its acquisition of a selection of wine brands and assets from Constellation Brands. According to the company, the transaction returns the Selaks brand alongside seven other brands to local ownership. The deal also incorporates a 10,000-tonne winery and vineyards in Hawke’s Bay. […]
USA: Constellation Brands to fully acquire HOP WTR
Constellation Brands, the USA beverage alcohol producer, has announced an agreement to acquire the remaining interest in the non-alcoholic brand HOP WTR. The deal, for an undisclosed sum, is expected to close this April. HOP WTR produces calorie-free sparkling water infused with hops, adaptogens and nootropics. The brand has been part of the Constellation Brands […]
USA: Constellation Brands agrees deal to sell Svedka brand to Sazerac
Leading alcoholic drinks company Constellation Brands has announced it has agreed to sell its Svedka vodka brand to peer Sazerac, with the deal expected to be completed in the next few months. Commenting on the move, Constellation Brands said its aim was to prioritise growing market sectors, with a focus on premium wine and craft […]
USA: New Belgium Brewing to acquire brewery from Constellation Brands
US craft brewer New Belgium Brewing has announced that the company has reached an agreement to purchase a manufacturing brewery in Daleville (VA) that is currently owned by Constellation Brands. In a press release, New Belgium Brewing claimed additional product capacity was needed to meet growing demand for its craft beer, which includes America’s number one […]
USA: Constellation Brands divests a portion of its wine brands
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 & […]
USA: Constellation Brands buys remaining stake in Austin Cocktails
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 […]
USA: Constellation Brands to partner with Coca-Cola to launch alcoholic beverage
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 […]
Mexico: Constellation Brands to build a brewery in Mexico
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 […]
USA: Constellation Brands acquires stake in Durham Distillery
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 […]