Grupo Modelo, Crown Imports acquisitions drive significant sales increase
Constellation Brands Inc., Victor, N.Y., reported net sales for the 2014 fiscal year were more than $4.8 billion, a 74 percent increase, following its acquisition of the Grupo Modelo U.S. beer business.
"This has been another exciting year for Constellation," said Rob Sands, president and chief executive officer of Constellation Brands, in a statement. "We kicked off the year with a smooth transition for our transformational beer acquisition. We are executing an effective integration plan as we work diligently to expand our new brewery in Mexico while maintaining the strong momentum of our U.S. commercial beer business.