ruffino constellation brands

ruffino constellation brands插图

foodweb.itImage: foodweb.itConstellation BrandsConstellation BrandsConstellation Brands, Inc., a Fortune 500 company, is an international producer and marketer of beer, wine and spirits. Constellation is the largest beer import company in the US, measured by sales, and has the third-largest market share of all major beer suppliers.en.wikipedia.orgis now 100 percent owner of the celebrated Italian brandRuffino. The 50 million euro (approximately $69 million) deal gives an additional 50.1 percent of Ruffino to the world’s leading premium wine company. Constellation had already purchased 49.9 percent of Ruffino back in 2010.

Is Ruffino owned by Constellation?

Constellation Brands has purchased the remaining 50.1% of Italian wine brand Ruffino from MPF International. Constellation paid approximately €50 million ($69 million) for the stake and is also to assume €55 million ($73 million) of debt as part of the transaction.

Where does Ruffino wine come from?

The wines are produced from grapes grown on 600 hectares of Tuscan vineyards. Rob Sands, president and chief executive officer, Constellation Brands said: The prestigious Ruffino brand, which dates back to 1877, is an internationally recognized Old World wine brand that sets the standard for Italian wines.”

What is constellation known for?

Constellation Brands, Inc. is a leading international producer and marketer of beverage alcohol brands with a broad portfolio across the wine, spirits and imported beer categories. Constellation Brands is a leading fine wine company in the United States. For more information about Constellation, visit www.cbrands.com.

Is Ruffino growing in sales?

According to a statement from the company, Ruffino’s year-to-date global sales are growing at nine percent and its most recent launches include Ruffino Prosecco sparkling wine. Constellation has also named Sandro Sartor as general manager of Ruffino, effective November 1, 2011.

How many cases of Ruffino wine are sold?

wine and spirits business. Ruffino annually produces 1.3 million cases of wine which are sold in key markets around the world. Approximately 50 percent of its sales are currently made by Constellation in …

What is the Constellation brand?

Constellation Brands (NYSE: STZ and STZ.B) is a S&P 500 Index and Fortune 1000® company with more than 100 brands in our portfolio, sales in about 100 countries and operations in approximately 30 facilities. The company believes that industry leadership involves a commitment to our brands, to the trade, to the land, to investors and to different people around the world who turn to our products when celebrating big moments or enjoying quiet ones. We express this commitment through our vision: to elevate life with every glass raised. To learn more about Constellation, visit the company’s website at www.cbrands.com.

Who owns Ruffino wine?

VICTOR, N.Y., Oct. 6, 2011 – Constellation Brands, Inc. (NYSE: STZ), the world’s leading premium wine company, announced today that it has purchased the remaining 50.1 percent of Ruffino S.r.l. from MPF International S.r.l., an entity controlled by the Folonari family of Tuscany, Italy for approximately €50 million, ($69 million). Constellation also assumes approximately €55 million, ($73 million) of debt, net of cash acquired, as part of the transaction. Constellation welcomes approximately 130 employees and now fully owns the iconic Ruffino brand and historical production facility located in close proximity to Florence. The wines continue to be produced on approximately 600 hectares of prestigious vineyards at the same Tuscan Estates of Ruffino as has been done for decades.

Who is the general manager of Ruffino?

Constellation also named Sandro Sartor to be the general manager of Ruffino, effective November 1, 2011. Sartor will be responsible for running the day-to-day operations of the Ruffino business and will report to Greg Fowler, Constellation’s senior vice president, operations. Most recently, Sartor served as managing director and general manager for Diageo Italia S.p.A.

Is Constellation a forward looking statement?

This news release contains forward-looking statements. The words "intend," and "expect" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. As to Constellation and/or Ruffino, these statements may relate to 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, such forward-looking statements.

Does Constellation have any obligation to update forward-looking statements?

Constellation can give no assurance that the expectations reflected in the forward-looking statements will prove to be correct and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

What is California Sustainable Winegrowing Alliance?

The program is based on 227 best management practices and 58 prerequisites covering environmental practices and socially equitable business practices. The goals of the program are to enhance transparency, encourage statewide participation and advance the entire California wine industry toward best practices in environmental stewardship, conservation of resources and socially equitable business practices.

What is Napa Green?

Napa Green is a voluntary program focused on independently certified, environmentally sound farming and production methods that meet and exceed local, federal and state “best practices.” “Napa Valley vintners and growers develop farm-specific plans tailored to protect and enhance the ecological quality of the region.

What is internal sustainability?

Our annual Internal Sustainability Award is open to all our facilities worldwide to honor extraordinary initiatives that demonstrate meaningful commitment to and business value from enhancing company environmental sustainability priorities. The goal of the award is to properly recognize and increase the visibility of the impressive and varied sustainability initiatives in place across our businesses, to encourage employee participation in local sustainability programs and encourage progress towards meeting our sustainability goals, all in support of our companywide commitment to Corporate Social Responsibility. Criteria for the award include greenhouse gases reduction; water reduction; energy reduction; solid waste reduction; recycling/reuse programs; community/supplier involvement; and “Green Team” activities.

What is the Lodi rule?

The Lodi Rules for Sustainable Winegrowing is a third-party certified sustainable winegrowing program, which promotes practices that enhance biodiversity, soil and water health, and community and employee well-being. To be certified, a grower must pass an independent audit of their viticulture practices.

What is fish friendly farming?

Fish Friendly Farming is a certification program for agricultural properties managed to restore fish and wildlife habitat and improve water quality. More than 1,300 acres of Constellation vineyards in Napa and Sonoma counties are certified in the Fish Friendly Farming program. The third-party certification is provided by the California Department of Fish and Game, regional water boards, and the National Marine Fisheries Service.

What is Constellation Brands?

Constellation Brands is committed to providing a safe and healthy working environment and developing a culture where every employee takes responsibility for their own safety as well as the safety of others while minimizing our impact on the environment in the communities where we live, work and source. Our management team and employees work together with a sense of shared responsibility to ensure that we operate our business in compliance with all applicable regulatory requirements in each market where we operate around the world.

Why is Constellation important?

Because we rely on the land for our livelihood, it is critical that Constellation does all it can to ensure clean water, air and soil at all of our sites and in all of the countries and communities where we operate. Our aim is to look for ways to improve the environment, while also minimizing Constellation’s collective environmental impact.