Constellation Brands to acquire Copper Cane’s Meiomi wine brand
Brand has emerged as one of the fastest-growing
Constellation Brands Inc., Victor, N.Y., announced that it has agreed to acquire the Meiomi wine brand from Copper Cane LLC, a Joseph Wagner controlled company. The transaction is expected to close by the beginning of August, the companies say.
Since its inception in 2006, Meiomi has quickly positioned itself as a leader in the U.S. wine industry as a differentiated, high-growth luxury brand, outperforming all other brands in its category with IRI dollar sales growth of more than 50 percent over the last 52 weeks, the companies note. Meiomi Pinot Noir also is among the fastest growing major pinot noir brands across all price points in the latest 12-week period, according to a press release. Constellation Brands has a successful track record of integrating high-growth brands into its portfolio and accelerating their strong marketplace momentum, the companies say.