Victor, N.Y.-based Constellation Brands announced it has reached an agreement with Charles Smith Wines LLC to acquire its fast-growing Washington State wines for approximately $120 million. The transaction, which closed in October, includes five super and ultra-premium wines: Kung Fu Girl Riesling, Velvet Devil Merlot, Boom Booom! Syrah, Eve Chardonnay and Chateau Smith Cabernet Sauvignon.
Healdsburg, Calif.-based Flanagan Wines announced the purchase of the former Everett Ridge Winery in Dry Creek Valley. Last year, the company purchased two Sonoma Coast Pinot Noir vineyards, it says. The most recent investment in a new winery solidifies the company’s ability to meet the growing demand for its wines, it says.