Constellation Brands Completes Sale of Ballast Point
March 02 2020 - 4:30PM
Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading
beverage alcohol company, today announced that it has completed the
sale of Ballast Point to Kings & Convicts Brewing Co. The
transaction includes the Ballast Point brand and a number of its
associated production facilities and brewpubs, excluding
Constellation’s operations facility in Daleville, Virginia.
The sale of Ballast Point aligns with Constellation’s
consumer-led premiumization strategy, which focuses on winning in
growing sectors of the high-end of the U.S. beer market with strong
brands that drive high growth and high margin performance.
This strategy has helped fuel the company’s performance as one of
the strongest growth drivers in the U.S. beer market.
ABOUT CONSTELLATION BRANDS
At Constellation Brands (NYSE: STZ and STZ.B), our mission is to
build brands that people love because we believe sharing a toast,
unwinding after a day, celebrating milestones, and helping people
connect, are Worth Reaching For. It’s worth our dedication, hard
work, and the bold calculated risks we take to deliver more for our
consumers, trade partners, shareholders, and communities in which
we live and work. It’s what has made us one of the fastest-growing
large CPG companies in the U.S. at retail, and it drives our
pursuit to deliver what’s next.
Today, we are a leading international producer and marketer of
beer, wine, and spirits with operations in the U.S., Mexico, New
Zealand, and Italy. Every day, people reach for our high-end,
iconic imported beer brands such as Corona Extra, Corona Light,
Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, and
our high-quality premium wine and spirits brands, including the
Robert Mondavi brand family, Kim Crawford, Meiomi, The Prisoner
brand family, SVEDKA Vodka, Casa Noble Tequila, and High West
Whiskey.
But we won’t stop here. Our visionary leadership team and
passionate employees from barrel room to boardroom are reaching for
the next level, to explore the boundaries of the beverage alcohol
industry and beyond. Join us in discovering what’s Worth Reaching
For.
To learn more, follow us on Twitter @cbrands and visit
www.cbrands.com.
MEDIA CONTACTS |
INVESTOR RELATIONS CONTACTS |
Mike McGrew 773-251-4934 /
michael.mcgrew@cbrands.comAmy Martin 585-678-7141 /
amy.martin@cbrands.com |
Patty Yahn-Urlaub 585-678-7483
/ patty.yahn-urlaub@cbrands.comBob Czudak 585-678-7170 /
bob.czudak@cbrands.com |
A downloadable PDF copy of this news release enhanced with
multimedia links can be found here:
http://ml.globenewswire.com/Resource/Download/b97baf13-b43f-4744-9350-d1c09ece5e36
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