Schrader Cellars Entrusts Constellation Brands with Highly-Coveted, Critically-Acclaimed Wine Portfolio
(Thomson Reuters ONE) -
VICTOR, N.Y., June 16, 2017 - Constellation Brands, Inc. (NYSE: STZ and STZ.B),
a leading premium wine company, announced that it has enhanced its fine wine
portfolio with the purchase of Schrader Cellars' iconic wines. The Schrader
Cabernet Sauvignon portfolio, sourced from the premier vineyards of Napa Valley,
including the famed Beckstoffer To Kalon Vineyard in Oakville, is the highest-
rated American Cabernet Sauvignon portfolio with a total of nineteen 100-point
ratings from Wine Advocate, Wine Spectator and jamessuckling.com. The agreement
includes vineyard sourcing, current inventories, and eight Schrader Cabernet
Sauvignons.
"The journey for Schrader Cellars and Constellation Brands is just beginning,"
said Schrader's award-winning winemaker Thomas Brown, who will work with the
Constellation team and continue to lead all aspects of the winemaking from
vineyard to bottle. "With Constellation's expertise and high- quality vineyards,
the potential for these wines is endless."
"Knowing Constellation's reputation for valuing quality, integrity and customer
focus as much as we do, there was no question in my mind that they are the
perfect steward of Schrader wines moving forward," said founder Fred Schrader.
"We are impressed by their talented, dedicated team and passionate winemakers. I
look forward to working with Constellation to take great care of the wines I've
dedicated a significant part of my life cultivating."
The decision to collaborate with Constellation for the future of Schrader's fine
wines was facilitated by Carol Schrader and Constellation Brands Chief Operating
Officer, Bill Newlands, who have worked together in past wine endeavors.
Founded in 1998, Schrader Cellars' namesake wines, Schrader CCS and Schrader Old
Sparky, both sourced from the Beckstoffer To Kalon Vineyard, were awarded 100
points from Robert Parker, of Wine Advocate for three consecutive vintages and
are the only wines in the history of the Wine Spectator blind tasting program to
achieve perfect 100-point scores upon release. The portfolio also includes
Schrader Beckstoffer To Kalon Vineyard Cabernet Sauvignon, Schrader GIII
Beckstoffer Georges III Cabernet Sauvignon, Schrader LPV Beckstoffer Las Piedras
Vineyard Cabernet Sauvignon, Schrader RBS Beckstoffer To Kalon Vineyard Cabernet
Sauvignon, Schrader T6 Beckstoffer To Kalon Vineyard Cabernet Sauvignon, and
Schrader Colesworthy Beckstoffer Las Piedras Vineyard Cabernet Sauvignon. The
superior-quality limited-production wines are sold direct-to-consumer through a
mailing list with an exclusive offering available in fine dining establishments.
The collection will join Constellation's newly established fine wine
organization, TRU Estates and Vineyards - a team specialized in servicing luxury
wine consumers and customers.
Constellation's Senior Vice President of Wine and Spirits Production, Sam
Glaetzer, who grew up in a multi-generational winemaking family dating back to
some of the earliest recorded viticulturists in Australia, admires the
contributions the Schraders have made to the world of wine. "The Schraders have
created something truly unique and unparalleled in wine," said Glaetzer. "Their
unwavering commitment to quality vineyards and winemaking has built a portfolio
of world-class wines with an elite and loyal consumer following. We are thrilled
to be working with Thomas, Fred and Carol to help cultivate and preserve these
incredible fine wines."
Constellation Brands and the Schrader team will continue to work together to
deliver the same iconic wines and experience the Schrader consumers know and
love today. With Thomas Brown at the winemaking helm, Schrader's standard of
excellence in winemaking will remain unchanged, and founders Fred and Carol
Schrader will continue to share their passion for the portfolio and their
tradition of building exceptional customer relationships.
Terms of the transaction were not disclosed.
About Constellation Brands
Constellation Brands (NYSE: STZ and STZ.B), a Fortune 500® company, is a leading
international producer and marketer of beer, wine and spirits with operations in
the U.S., Mexico, New Zealand, Italy and Canada. Constellation is the No. 3 beer
company in the U.S. with high-end, iconic imported brands such as Corona Extra,
Corona Light, Modelo Especial, Modelo Negra and Pacifico. The company's beer
portfolio also includes Ballast Point, one of the most awarded craft brewers in
the U.S. In addition, Constellation is the world leader in premium wine, selling
great brands that people love, including Robert Mondavi, Clos du Bois, Kim
Crawford, Meiomi, Mark West, Franciscan Estate, Ruffino and The Prisoner. The
company's premium spirits brands include SVEDKA Vodka, Casa Noble Tequila and
High West Whiskey.
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, about 40 facilities and approximately 9,000 talented
employees. We express our company vision: to elevate life with every glass
raised. To learn more, visit www.cbrands.com.
About Schrader Cellars
Fred Schrader began his life as a vintner with one defining goal in mind - to
create benchmark Cabernet Sauvignon from the most notable vineyards in the Napa
Valley. In the early vintages, Fred sourced grapes from a renowned site in the
southern region of the Napa Valley. Then in 2000, a fortuitous barrel tasting
brought Fred to the doorsteps of Andy Beckstoffer and he soon began sourcing
fruit from the magnificent Beckstoffer To Kalon Vineyard. It is also the same
year that he hired an enthusiastic young winemaker, Thomas Brown.
Today, Schrader Cellars is enduringly committed to the unparalleled quality of
the Beckstoffer Vineyards and now sources grapes from the Beckstoffer Georges
III Vineyard and Beckstoffer Las Piedras Vineyards, in addition to the legendary
Beckstoffer To Kalon Vineyard. With its historic critical acclaim from famed
critics Robert Parker, Wine Advocate, James Laube, Wine Spectator, and James
Suckling, Schrader is widely regarded as the preeminent producer of world-class
Cabernet Sauvignons in the New World and since its inception has never stopped
in its pursuit of greatness.
Forward-Looking Statements
This news release contains forward-looking statements. The word "expect" and
similar expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain such identifying words.
Those statements may relate to Constellation Brands' business strategy, future
operations, prospects, plans and objectives of management, as well as
information concerning expected actions of third parties. All forward-looking
statements involve risks and uncertainties that could cause actual results to
differ materially from those set forth in or implied by the forward-looking
statements. All forward-looking statements speak only as of the date of this
news release. Constellation Brands undertakes no obligation to update or revise
any forward-looking statements, whether as a result of new information, future
events, or otherwise.
In addition to risks associated with ordinary business operations, the forward-
looking statements contained in this news release are subject to other risks and
uncertainties disclosed from time to time in Constellation Brands, Inc.'s
filings with the Securities and Exchange Commission, including its Annual Report
on Form 10-K for the fiscal year ended Feb. 28, 2017, which could cause actual
future performance to differ from current expectations.
CONTACTS
Amy Martin
585-678-7141 / amy.martin(at)cbrands.com
Anne Siegel
707-225-4621 / anne.siegel(at)cbrands.com
Schrader_portfolio:
http://hugin.info/143788/R/2113923/804211.jpg
Constellation Brands logo:
http://hugin.info/143788/R/2113923/804213.jpg
Schrader_decanter:
http://hugin.info/143788/R/2113923/804212.jpg
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Constellation Brands Inc via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 16.06.2017 - 22:30 Uhr
Sprache: Deutsch
News-ID 548417
Anzahl Zeichen: 9464
contact information:
Town:
Victor
Kategorie:
Business News
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"Schrader Cellars Entrusts Constellation Brands with Highly-Coveted, Critically-Acclaimed Wine Portfolio"
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