Constellation Brands, Inc, a Fortune 500 company, is an American producer and marketer of beer, wine, and spirits.
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14 Facts About Constellation Brands
2.
Constellation Brands was incorporated as Canandaigua Wine Company, Inc in 1972 and went public in 1973.
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3.
Constellation Brands later moved to a more premium wine portfolio, divesting Almaden Vineyards, Inglenook Winery, and the Paul Masson winery in Madera, California, in 2008, and its value spirits portfolio to the Sazerac Company in 2009.
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4.
In 2013, Constellation Brands acquired Grupo Modelo's US beer business from Anheuser-Busch InBev.
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5.
In 2014, Constellation Brands finalized a joint venture with Owens-Illinois and completed the acquisition of Anheuser-Busch InBev's glass production plant, located adjacent to the company's brewery in Nava, Mexico.
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6.
In December 2015, Constellation Brands announced the $1 billion acquisition of Ballast Point Brewing of San Diego.
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7.
In October 2016, Constellation Brands announced the $160 million acquisition of High West Distillery of Park City, Utah.
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8.
In February 2019, Constellation Brands announced it had acquired a minority stake in Black Button Distilling, a craft spirits distillery in Rochester, NY.
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9.
In July 2019, Constellation Brands announced it had acquired a minority stake in Montanya Distillers, a craft-rum distillery in Crested Butte, Colorado and a majority stake in Nelson's Green Brier Distillery, a revival of the original Green Brier Tennessee Whiskey and Belle Meade Bourbon labels in Nashville, TN.
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10.
In July 2020, Constellation Brands acquired Empathy Wines, co-founded by entrepreneur Gary Vaynerchuk.
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11.
In February 2022, Constellation Brands was reported to have approached Monster Beverage to enter into a merger with a combined valuation above $90 billion.
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12.
At the time of the agreement, Constellation Brands became the first Fortune 500 company and the first major alcoholic beverage maker to take a minority stake in a marijuana business.
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13.
Constellation Brands later faced and settled a class action lawsuit because it "should have known" that the wine was fake.
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14.
In 2018 Constellation Brands was involved in a water rights dispute over a proposed manufacturing facility in the desert city of Mexicali, Baja California, Mexico.
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