Constellation Brands to acquire Charles Smith Wines
Acquisition to expand Constellation portfolio
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.
In addition to its expanded U.S. wine portfolio, Constellation announced that it is expanding its spirits portfolio through the acquisition of High West Distillery, Park City, Utah, and its portfolio of award-winning and high-end American straight whiskeys.