Constellation Brands Completes Meiomi Wine Acquisition
(Thomson Reuters ONE) -
VICTOR, N.Y., Aug 3, 2015 - Constellation Brands (NYSE: STZ and STZ.B), a
leading beverage alcohol company, announced today that it has completed the
acquisition of the Meiomi luxury wine brand. The transaction includes the Meiomi
trademark and related inventories of pinot noir and chardonnay. In July,
Constellation Brands announced its intent to purchase the brand from Copper Cane
LLC.
I'm excited to welcome Meiomi wines into our brand portfolio. It is a natural
fit," said Jay Wright, president Wine and Spirits, Constellation Brands.
"Constellation has a long history of effectively integrating brands like Meiomi
into our sales, marketing and operations infrastructure. The successful
integration of Mark West is a great example of how our team can quickly
transition a brand, maintain quality and continue to drive growth."
Joe Wagner, a fifth-generation California winemaker, will maintain a winemaker
consultant role with Constellation for the next two vintages. "I look forward to
working with the Constellation team to continue to deliver the top-quality wines
that Meiomi is known for," Wagner commented.
Meiomi pinot noir is ranked number one in dollar sales growth across all pinot
noir price points in the latest IRI 12-week period.
Jared Fix, chief marketing officer, wines, said "Meiomi's impressive growth
demonstrates how the brand is already resonating with consumers. The well-
balanced, rich and vibrant profile will complement our high-quality pinot noirs
in other price segments."
Meiomi wine is created from a blend of California's preeminent pinot noir
coastal regions - Sonoma County, Monterey County and Santa Barbara County.
Drawing on the success of its pinot noir, Meiomi introduced chardonnay to its
portfolio in spring 2014 - an addition that has bolstered additional growth for
the brand.
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About Constellation Brands
Constellation Brands (NYSE: STZ and STZ.B) is a leading international producer
and marketer of beer, wine and spirits with operations in the U.S., Canada,
Mexico, New Zealand and Italy. In 2014, Constellation was one of the top
performing stocks in the S&P 500 Consumer Staples Index. Constellation is the
number three beer company in the U.S. with high-end, iconic imported brands
including Corona Extra, Corona Light, Modelo Especial, Negra Modelo and
Pacifico. Constellation is also the world's leader in premium wine, selling
great brands that people love including Robert Mondavi, Clos du Bois, Kim
Crawford, Rex Goliath, Mark West, Franciscan Estate, Ruffino and Jackson-Triggs.
The company's premium spirits brands include SVEDKA Vodka and Black Velvet
Canadian Whisky.
Based in Victor, N.Y., the company believes that industry leadership involves a
commitment to brand-building, our trade partners, the environment, our investors
and to consumers around the world who choose our products when celebrating big
moments or enjoying quiet ones. Founded in 1945, Constellation has grown to
become a significant player in the beverage alcohol industry with more than 100
brands in its portfolio, sales in approximately 100 countries, about 40
facilities and approximately 7,600 talented employees. We express our company
vision: to elevate life with every glass raised. To learn more, visit
www.cbrands.com.
CONTACTS:
Media
Cheryl Gossin: 585-678-7191
Amy Martin: 585-678-7141
Investor Relations
Patty Yahn-Urlaub: 585-678-7483
Bob Czudak: 585-678-7170
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Constellation Brands Inc via GlobeNewswire
[HUG#1943365]
Unternehmensinformation / Kurzprofil:
Datum: 03.08.2015 - 22:05 Uhr
Sprache: Deutsch
News-ID 411150
Anzahl Zeichen: 4422
contact information:
Town:
Victor
Kategorie:
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