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Constellation Brands Inc., Victor, N.Y., announced additional steps it is taking to reduce its brewery production activities in Mexico to a level that safeguards the environment and avoids irreversible impact to its operations.
Constellation Brands Inc., Victor, N.Y., acquired a minority stake in the parent company of Mezcal El Silencio, a specially crafted, Los Angeles-based mezcal label and leader in the category.
Driven by sales of its Modelo and Corona brand families, Constellation reported that its beer division had net sales of $1.2 billion, a 16 percent increase over fiscal year 2017, it said. These results within the company’s beer business for the third quarter were the most significant share gains in the U.S. beer industry, it stated.
Companies throughout the United States are developing cannabis-infused beverages, which they believe will enable them to better compete with beer products.
Louisville-based Copper & Kings American Brandy Co. announced the sale of a minority equity stake to Victor, N.Y.-based Constellation Brands, a leading international producer of beer, wine and spirits.