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VICTOR, N.Y., Sept 3, 2014 - (ACN Newswire) - Constellation Brands (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has completed the acquisition of the Casa Noble tequila brand. The transaction includes the Casa Noble trademark and inventories. Constellation Brands announced its intent to purchase the brand last month. Terms of the purchase were not disclosed.
Casa Noble super premium tequila is a high-quality brand that has posted consistent, double-digit growth. The award-winning Casa Noble family of tequilas includes Casa Noble Crystal, Reposado and Anejo as well as limited production of several other higher-end Casa Noble tequilas.
Casa Noble will continue to be supported by rock and roll hall of famer, Carlos Santana, who is from Jalisco, Mexico - the region where tequila is produced. "I'm excited to integrate Casa Noble tequila into our existing portfolio, it is a natural fit," said Rob Sands, president and chief executive officer, Constellation Brands.
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 2013, Constellation was one of the best performing stocks in the S&P 500. 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 6,300 talented employees. We express our company vision: to elevate life with every glass raised. To learn more, visit www.cbrands.com.
CONTACTS
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Source: Constellation Brands Inc via Globenewswire
Topic: Merger & Acquisition
Source: Constellation Brands
https://www.acnnewswire.com
From the Asia Corporate News Network
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