Constellation Brands Completes Sale of Almaden and Inglenook to The Wine Group

FAIRPORT, N.Y., Feb. 28 /PRNewswire-FirstCall/ — Constellation Brands, Inc. NYSE: STZ ASX: CBR, a leading international producer and marketer of beverage alcohol, today completed the previously announced sale of the Almaden and Inglenook wine brands, and the Paul Masson winery located in Madera, Calif., to The Wine Group LLC for $134 million in cash. Proceeds from the transaction will be used to reduce Constellation’s borrowings.

“We are excited and pleased to welcome the Madera Winery and its historic Almaden and Inglenook brands into The Wine Group family,” David Kent, The Wine Group’s CEO, said in the Feb. 28 statement. “These time-honored brands — founded in 1852 and 1879, respectively — still rank among the most popular and best-selling wines in America.”

About Constellation Brands

Constellation Brands, Inc. is a leading international producer and marketer of beverage alcohol in the wine, spirits and imported beer categories, with significant market presence in the U.S., Canada, U.K., Australia and New Zealand. Based in Fairport, N.Y., the company has more than 250 brands, sales in about 150 countries, operates nearly 60 facilities worldwide. It is also the largest wine producer in the world and an S&P 500 Index and Fortune 500(R) company. Major brands in the company’s portfolio include Corona, Black Velvet, SVEDKA Vodka, Robert Mondavi, Clos du Bois, Ravenswood, Blackstone, Hardys, Banrock Station, Nobilo, Kim Crawford, Inniskillin, Jackson-Triggs and Arbor Mist. To learn more about the company and its products visit Constellation’s Web site at www.cbrands.com.

Website: http://www.cbrands.com/