Constellation Brands
From Wikipedia, the free encyclopedia
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| Type | Public NYSE: STZ |
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| Founded | 1945 |
| Headquarters | Victor, New York, USA |
| Key people | Robert Sands, President & CEO; Richard Sands, Chairman of the Board |
| Industry | Beverages |
| Products | Wine, Beer, and Spirits |
| Revenue | ▲$3.7 Billion USD (2009) |
| Net income | ▼$301.4 Million USD (2009) |
| Employees | 6,600 (2009) |
| Website | www.cbrands.com |
Constellation Brands, Inc., headquartered in Victor, New York, is the largest wine company in the world with a broad portfolio of premium wine brands complemented by imported beer, spirits and other beverage alcohol products.
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[edit] History and description
The company was established in 1945 by Marvin Sands in the Finger Lakes region of New York as Canandaigua Industries Company. Since that time, the company has grown organically and by acquisitions across all segments of the beverage alcohol industry.
Constellation Brands is: the largest wine producer in the world; the largest premium wine company in the U.S.; the largest wine company in the U.K., Australia and Canada; the second largest wine company in New Zealand; the largest beer importer and marketer in the U.S. through its Crown Imports joint venture with Mexico’s Grupo Modelo. Constellation Brands had sales of more than $3.77 billion in fiscal year 2008. It operates approximately 50 production facilities, employs approximately 8,200 and sells and markets its products worldwide.
The company has a portfolio of more than 200 brands across the wine, beer and spirits categories. Major wine brands include Robert Mondavi, Hardys, Clos du Bois, Ravenswood, Blackstone, Banrock Station, Nobilo, Kim Crawford, Inniskillin, Jackson-Triggs and Arbor Mist. Major beer brands include Corona (beer), Modelo Especial and Negra Modelo, Pacifico, St. Pauli Girl and Tsingtao. Major spirits brands include Black Velvet Canadian Whisky, Svedka Vodka and Paul Masson Grande Amber Brandy.
[edit] Acquisitions
Constellation Brands has expanded by acquiring a number of other beverage companies throughout the world.
Recent acquisitions include BRL Hardy (Australia)[1] and Nobilo (New Zealand) in 2003; Robert Mondavi Corp. for $1 billion in 2004[2]; Vincor International, Canada’s largest wine company, for $1.44 billion in 2006[3]; Spirits Marque One (owner of Svedka Vodka) in 2007[4]; and Beam Wines Estates, the wine operations of Fortune Brands (which included several major brands such as Clos du Bois) for $885 million in 2008.[5] The company later moved to a more premium wine portfolio, divesting Almaden Vineyards, Inglenook Winery, and the Paul Masson winery in Madera, California, in 2008.[6], and its value spirits portfolio in 2009.[7]
[edit] References
- ^ "Constellation Brands Agrees to Buy Australian Winery". New York Times. http://www.nytimes.com/2003/01/18/business/international-business-constellation-brands-agrees-to-buy-australian-winery.html. Retrieved on 2009-04-24.
- ^ "Mondavi to Join Constellation in $1 Billion Deal". Wine Spectator. http://www.winespectator.com/Wine/Features/0,1197,2403,00.html. Retrieved on 2009-05-15.
- ^ "Constellation To Buy Vincor for $1.09 Billion". USA Today. http://www.usatoday.com/money/industries/food/2006-04-03-constellation-vincor_x.htm. Retrieved on 2009-05-15.
- ^ . Reuters. http://www.reuters.com/article/mergersNews/idUSN0621470420070206. Retrieved on 2009-05-15title=Constellation Brands To Buy Svedka Vodka.
- ^ Sam Zuckerman (2007-11-13). "Constellation Brands buys several California premium wine labels". San Francisco Chronicle. http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/11/13/BU33TB3NU.DTL. Retrieved on 2007-11-13.
- ^ Styles, Oliver, Decanter.com (2008-01-23). "Constellation sells Inglenook, Almaden and Paul Masson winery / reports 832 million dollar loss". http://www.decanter.com/news/175610.html.
- ^ "Constellation Sells Value Spirits for $334 Mln". Reuters UK. http://uk.reuters.com/article/mnaNewsIndustryMaterialsAndUtilities/idUKN1230961920090112. Retrieved on 2009-05-15.
