constellation brands acquisition history

constellation brands acquisition history插图

2004
2004: Constellation 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.organnounces the acquisition of California’s The Robert MondaviRobert MondaviRobert Gerald Mondavi was a leading American vineyard operator whose technical improvements and marketing strategies brought worldwide recognition for the wines of the Napa Valley in California. From an early period, Mondavi aggressively promoted labeling wines varietally r…en.wikipedia.orgCorporation Company History: Constellation Brands,Inc.,is the only alcoholic beverage company in the United States involved in all three categories of the industry–wine,beer,and spirits.

What are the two divisions of Constellation Brands?

The company’s operations, which comprise approximately 45 production facilities in North America, Asia, Europe, Australia, New Zealand, and Chile, are separated into two operating divisions: Constellation Wines and Constellation Beers Spirits. Through Constellation Wines, the company sells more than 75 million cases of wine each year.

How many cases of wine does Constellation Brands sell a year?

Through Constellation Wines, the company sells more than 75 million cases of wine each year. Brands sold by the division include Franciscan, Ravenswood, Arbor Mist, Hardys, and Nobilo.

What are Constellation Brands’key businesses?

Through Constellation Beers Spirits, the company imports into the United States a portfolio of leading beer brands, including Corona, Modelo Especial, St. Pauli Girl, and Tsingtao. The division also ranks as one of the largest producers and marketers of distilled spirits, offering brands such as Black Velvet, Barton, Fleischmann’s, and Skol.

Why is Constellation Brands the fastest-growing company in the US?

We invest in new markets and take calculated risks to deliver more for our consumers, shareholders, employees and industry. This is why Constellation Brands is the fastest-growing, large consumer product goods company in the U.S. at retail.

What was the sales of Canandaigua in the 1990s?

From 1990 to 1994, the company’s gross sales shot up from $201 million to $861 million, nearly a fourfold increase. In 1994, net income was recorded at $26 million, a 71 percent increase over the previous year. The acquisition of Barton resulted in a sales increase of $211 million for 1994, while the purchase of Vintners generated $119 million for the same fiscal year. In just one month of sales, the Almaden and Inglenook acquisition added an impressive $17 million to the 1994 year in sales.

What was Canandaigua’s goal in the 1950s?

During the late 1950s, revenues generated from the widespread sale of Wild Irish Rose allowed Canandaigua to concentrate on increasing its own production facilities. As sales of the dessert wine brand continued to grow, the company expanded to meet the explosive demands of the marketplace. People were hired to help extend the company’s sales network, and a wholesale distributor operation was also established. During the early and mid-1960s, both the sales staff and the wholesale distributor network was strengthened to meet the ever-growing demand for Wild Irish Rose brands. As sales increased, Sands continued his policy of strategic acquisition by purchasing in 1965 the Tenner Brothers Winery, located in South Carolina, and adding Hammondsport Wine Company in 1969. The acquisition of Hammondsport gave Canandaigua an entry into the sparkling wine market, a direction that Sands had wanted his company to take for years.

What were the most important acquisitions in 1987?

The two most important acquisitions in 1987 included Widmer’s Wine Cellars and the Manischewitz brands from Monarch Wine Company. Widmer’s Wine Cellars, located in Naples, New York, was one of the most successful and popular makers of table wine on the East Coast.

When did Canandaigua start producing champagne?

1979: The company begins production of its own champagne brand, J. Roget. 1984: Canandaigua enters the wine cooler market with the Sun Country brand, leading to skyrocketing revenues. 1986: Richard Sands, son of Marvin, is named president of the company.

Where did Marvin Sands start his winery?

1945: The Sands family purchases a winery located in Canandaigua, New York; Marvin Sands establishes Canandaigua Industries to run the winery.

When did Canandaigua Wine Company go public?

In 1972 , the company was incorporated as Canandaigua Wine Company, Inc., and one year later, it went public. Several important brands of wine were produced at Richards Wine Cellars, but it was the acquisitions strategy that continued to shape the company.

Who owns the Gamit wine brand?

Inglenook had cornered over 5 percent of the domestic table wine market. With these acquisitions, Canandaigua owned and operated four of the five GAMIT brands (GAMIT is the acronym for the five major wine brands in the United States: Gallo, Almaden, Paul Masson, Inglenook, and Taylor California Cellars).

What is the Constellation brand?

As the world’s leader in premium wine, Constell ation Brands, Inc. (NYSE: STZ and STZ.B) is a S&P 500 Index and a Fortune 1000® company with 4,400 employees, sales in 125 countries and operations in 40 facilities worldwide. The company offers a broad portfolio of more than 100 wines, beers and spirits that include: Robert Mondavi, Clos du Bois, Kim Crawford, Inniskillin, Franciscan Estate, Ruffino, Simi, Estancia, Corona Extra, Black Velvet Canadian Whisky and SVEDKA Vodka. Learn more at www.cbrands.com.

What wine is Mark West selling?

The transaction includes the Mark West trademark, certain grape supply contracts and inventories of wines from California appellations: a California pinot noir, a Russian River reserve pinot noir and a Santa Lucia reserve pinot noir, along with a chardonnay. Constellation Brands announced its intent to purchase the brand last month.

Who owns Mark West wine?

(NYSE: STZ), the world’s leading premium wine company, announced today that it has completed the acquisition of the Mark West wine brand from Purple Wine Company, LLC for approximately $160 million. The transaction includes the Mark West trademark, certain grape supply contracts and inventories of wines from California appellations: a California pinot noir, a Russian River reserve pinot noir and a Santa Lucia reserve pinot noir, along with a chardonnay. Constellation Brands announced its intent to purchase the brand last month.

What was the sales of Canandaigua in the 1990s?

From 1990 to 1994, the company’s gross sales shot up from $201 million to $861 million, nearly a fourfold increase. In 1994, net income was recorded at $26 million, a 71 percent increase over the previous year. The acquisition of Barton resulted in a sales increase of $211 million for 1994, while the purchase of Vintners generated $119 million for the same fiscal year. In just one month of sales, the Almaden and Inglenook acquisition added an impressive $17 million to the 1994 year in sales.

What was Canandaigua’s goal in the 1950s?

During the late 1950s, revenues generated from the widespread sale of Wild Irish Rose allowed Canandaigua to concentrate on increasing its own production facilities. As sales of the dessert wine brand continued to grow, the company expanded to meet the explosive demands of the marketplace. People were hired to help extend the company’s sales network, and a wholesale distributor operation was also established. During the early and mid-1960s, both the sales staff and the wholesale distributor network was strengthened to meet the ever-growing demand for Wild Irish Rose brands. As sales increased, Sands continued his policy of strategic acquisition by purchasing in 1965 the Tenner Brothers Winery, located in South Carolina, and adding Hammondsport Wine Company in 1969. The acquisition of Hammondsport gave Canandaigua an entry into the sparkling wine market, a direction that Sands had wanted his company to take for years.

When did Canandaigua Brands start?

From the start of its acquisition spree in 1991 through the fiscal 1999 year, Canandaigua Brands achieved a remarkable level of growth, with both net sales and net income increasing at a rate of 33 percent per year. Net sales for 1999 were a shade under $1.5 billion. In August 1999, soon after the company’s entry into the premium wine category, Marvin Sands died at the age of 75, after more than 50 years of leading the company. Richard Sands took over as chairman, gaining full responsibility for taking the rapidly growing company through the initial years of the 21st century.

When did Canandaigua buy Almaden Vineyards?

A very significant acquisition for Canandaigua occurred in August 1994, when the company purchased both Almaden Vineyards and Inglenook Vineyards from Heublein, Inc. for $130.6 million. Inglenook Vineyards, founded in 1879 by a sea captain from Finland — Gustave Niebaum — and Almaden Vineyards, established by Etienne Thee and Charles LeFranc in 1852, were two of the oldest and most well-respected wineries in the United States. Together, the two companies sold approximately 15 million cases of wines in 1993, and Almaden ranked fifth while Inglenook ranked sixth in table wine sales within the United States. Almaden alone, before its acquisition by Canandaigua, had captured over 6 percent of the American table wine market. Inglenook had cornered over 5 percent of the domestic table wine market.

What brand is Canandaigua?

Canandaigua enters the wine cooler market with the Sun Country brand, leading to skyrocketing revenues.

What was Canandaigua’s net income in 1998?

For the fiscal year ending in February 1998, Canandaigua Brands reported record net sales of $1.21 billion ; the net income of $50.1 million was nearly double the $27.7 million figure for the preceding year. In the spring of 1998, Canandaigua succeeded with the launch of a new wine brand, Arbor Mist.

Where is Marvin Sands winery?

The Sands family purchases a winery located in Canandaigua, New York; Marvin Sands establishes Canandaigua Industries to run the winery.