Constellation Brands sells U.K. cider business, names new North American president

Constellation Brands Inc., Victor, N.Y., entered into an agreement to sell its Gaymer Cider Co. business to C&C Group PLC of Dublin, Ireland, for approximately $70 million, subject to closing adjustments. The transaction is expected to close by mid-January.

“The Gaymer cider business has been a valued and respected part of Constellation’s European operations for many years,” said Rob Sands, Constellation Brands’ president and chief executive officer, in a statement. “However, as the company’s strategy has evolved to focus on premium higher-growth, higher-margin wine, beer and spirits brands, it made good strategic sense to sell the cider business. Overall, Constellation continues to pursue opportunities and strategies that promote the simplification of its international organization, the improvement of efficiencies, return on invested capital, cash flow and the reduction of costs.”

As part of the sale, C&C will receive all Gaymer cider brands including Blackthorn Cider, Gaymers Original and Pear Cider, Addlestones and Olde English Cider along with a production facility and associated warehouses and distribution facilities.

In addition, Constellation Brands announced that it has promoted Jay Wright president of Constellation Wines North America (CWNA) effective immediately. The CWNA organization includes Constellation Wines U.S. and Vincor Canada. The company also announced that José F. Fernandez, chief executive officer of CWNA, has begun a leave of absence.

You must login or register in order to post a comment.

Consumers are actively seeking everything from enhanced focus and better information processing, to reduced stress, improved mood, faster learning, effective memory, better adaptability, and enhanced multitasking. This session will review the science behind these ingredients and how they can be added to your formulations to tap into the cognitive support wave.

This important industry event is a learning and information sharing experience for warehousing, distribution and fleet management professionals who will have the opportunity to continue to share ideas and network with their industry peers in a safe and productive format as we continue to navigate these challenging times.