History
2008: Constellation continues its effort to focus on its premium wine offerings by selling the Almaden and Inglenook wine brands, and reduces brand duplication and excess production capacity by selling certain U.S. wine assets.
June 2008, Constellation announces the sale of certain U.S. wine assets to a California-based private firm. The sale, which includes the brands Geyser Peak, Buena Vista, Gary Farrell, Atlas Peak and XYZin in California, Columbia Winery and Covey Run in Washington, and Ste. Chapelle in Idaho, allows Constellation to focus on key growth brands and reduce brand duplication and excess production capacity.
January 2008, In an ongoing effort to focus on its premium wine offerings in the U.S., Constellation enters into an agreement to sell the Almaden and Inglenook wine brands to The Wine Group LLC. The sale is completed on February 28, 2008.
January 2008, Constellation's Chicago-based spirits company, Barton Brands, acquires the remaining 50 percent equity stake in its Planet 10 Spirits joint venture. Planet 10 Spirits, formed in 2004, develops and markets premium spirits brands such as Effen Vodka.
2007: Constellation acquires Spirits Marque One, which owns SVEDKA Vodka; Robert Sands named CEO; Constellation acquires Beam Wine Estates, which includes the Clos du Bois and Wild Horse brands.
December 2007, Constellation announces the acquisition of Beam Wine Estates, the U.S. wine business of Fortune Brands. Brands in the portfolio inlude Clos du Bois, Wild Horse, Geyser Peak, Atlas Peak, Buena Vista and Gary Farrell.
November 2007, Corona announces an exclusive, long-term sponsorship of the Kenny Chesney Poets and Pirates Tour.
July 2007, Rob Sands is named Constellation's new CEO, and retains the title of president. Richard Sands continues his role as chairman of the board.
April 2007, The formation of Constellation's joint venture with Punch Taverns is announced. Constellation Europe and Punch Taverns, the U.K.'s largest pub chain, each become 50 percent owners of the Matthew Clark wholesale business, which Constellation acquired in 1998.
March 2007, Constellation is named to Fortune magazine's 25th annual Most Admired Companies list, ranking 5th in the beverage category.
March 2007, Constellation completes its acquisition of Spirits Marque One, which owns SVEDKA Vodka. SVEDKA, an 80-proof premium vodka produced in Sweden, was launched in 1998. For the five year period ending in 2007, SVEDKA was the fastest growing, major, premium spirits brand in the world.
January 2007, Crown Imports, Constellation's 50/50 joint venture with Grupo Modelo, officially launches. The venture imports and markets Modelo's premium Mexican beer portfolio, along with imported brands St. Pauli Girl and Tsingtao, to the U.S. and Guam for renewable 10-year periods. Corona Extra is the top-selling imported beer in the U.S. and Crown is the top beer import company.
2006:
Constellation Brands acquires Vincor International, Inc. and creates Crown Imports, a joint
venture with Grupo Modelo.
August 2006, Constellation Europe announces plans to add a second National
Distribution Center at Bristol, England. The new warehouse and wine bottling complex, named
Constellation Park, will consolidate numerous satellite warehouses, create significant operational
synergies, and reduce Constellation Europe's carbon footprint. It will be fully operational in
2009.
July 2006, Grupo Modelo and Constellation Brands create a joint venture for the purpose of importing and marketing Modelo's Mexican beer portfolio in the United States and Guam for a 10-year period, effective January 2, 2007.
June 2006, The Marvin Sands Performing Arts Center in Canandaigua, New York, named
for Constellation's founder, opens after a $13 million renovation.
June 2006, Constellation completes its acquisition of Canadian wine company Vincor
International for $1.3 billion. Included are Canada's biggest win brand, Jackson-Triggs, and
Inniskillin, a premier international icewine. With the purchase, Canada becomes Constellations
fifth core market (with the U.S., U.K., Australia and New Zealand). Constellation
inherits Vincor's position as Canada's largest wine producer and marketer (Vincor had been the
world's eighth largest wine company).
May 2006, Constellation sells its Strathmore bottled water business to A.G. Barr,
the Scottish-based U.K. soft drinks business. Strathmore is seen as a non-core part of
Constellation's beverage alcohol portfolio.
2005:
Constellation turns 60 and Richard Sands is named the most influential figure in wine by
Decanter magazine.
December 2005 marks the 60 th anniversary of Constellation Brands and the company
also embarks on “Project Genome” to help better understand the profiles of wine consumers in order
to market and develop wines targeted to their lifestyles.
October 2005, Barton Brands acquires Cocktails by Jenn, a line of premium vodka
cocktails and Constellation Brands completes acquisition of the Rex Goliath wine brand from
California 's Hahn Estates.
July 2005, Standard & Poor's adds Constellation Brands to its S&P 500
Index of companies. The listing attests to the success of the Company's true growth strategy and
increased stockholder value.
July 2005, Richard Sands is named No. 1 on Decanter's Power List of the top 50
people influencing wine styles today.
March 2005, the Company sells the Arrowood Vineyards & Winery and the Byron
Vineyard & Winery, both part of the 2004 Robert Mondavi acquisition, to the Legacy Estates
Group.
Spring 2005, Constellation adopts a Global Code of Responsible Practices for
Beverage Alcohol Advertising and Marketing. The Code covers brand advertising, consumer
communications, trade advertising, promotional events, packaging, labels, distribution and sales
material, and product placements.
January 2005, Constellation donates $150,000 to tsunami relief efforts in
southeast Asia following a devastating earthquake.
2004:
Constellation acquires The Robert Mondavi Corp. and purchases 40% of Ruffino.
December 2004, Constellation acquires The Robert Mondavi Corp. for $1.03 billion.
Mondavi wines are among the most respected premium and super-premium New World wines and the
purchase complements the Company's premium wine portfolio.
December 2004, Constellation Brands purchases 40% of Ruffino, further enhancing
the Company's portfolio of fine European wines.
2004, Effen Vodka, a luxury, high-end import from Holland , is added to
Constellation's spirit portfolio.
2004, A $6,000 investment 25 years ago in what's now Constellation Brands, has
grown to a value of $1 million in 2004.
2003:
BRL Hardy acquisition completed, making Constellation the world's largest producer of wine.
April 2003, Constellation completes the acquisition of BRL Hardy Ltd. Pacific Wine
Partners, a 50/50 joint venture of Constellation and BRL Hardy, now becomes a wholly-owned
subsidiary and the Australian part of the business is renamed Hardy Wine Co. It commands 25% of the
domestic Australian market and exports to more than 60 countries. With the acquisition,
Constellation becomes the world's largest producer and marketer of wine, and the first truly
international wine company with annual sales in excess of 80 million cases of wine annually.
Appropriately enough, in 2003, Hardy Wines celebrates its Sesquicentennial.
2002:
Constellation International is formed and Constellation is named Large Beverage Company of the
Year.
May 2002, Beverage Forum names Constellation “Large Beverage Company of the Year”
as Constellation is recognized for its solid growth in all areas of the alcohol beverage business.
March 2002, Constellation International, based in England, is formed to coordinate most export
activities. The new business unit will increase worldwide consumer access to Company products,
while providing better market insights.
2001:
Constellation acquires
Turner Road Vintner's, Corus Brands Inc. and Ravenswood; forms Pacific Wine Partners; and
acquires Blackstone Winery.
July 2001, Ravenswood, the best selling premium red zinfandel in the US., is
acquired making Franciscan Estates one of the most sought after wine portfolios in the industry.
The formation of Pacific Wine Partners creates a joint venture shared by BRL Hardy and
Constellation with distribution rights for the following brands: Banrock Station, Hardys,
Leasingham, Barossa Valley Estate, Chateau Reynella from Australia , Nobilo from New Zealand and La
Baume from France . Pacific Wine Partners acquired certain assets of Blackstone Winery, including
the Blackstone brand and the Codera winery in Sonoma County .
Spring 2001, Two acquisitions are made to strengthen Constellation's popular and
premium wine portfolio. Talus, Vendange, Nathanson Creek and Heritage are acquired from Turner Road
Vintners. Columbia , Covey Run and Alice White, are acquired from Corus Brands giving Canandaigua
Wine Company 20 of the top 100 wine brands in the US .
2000:
Canandaigua Brands changes name to Constellation Brands and Forth Wines Ltd. is acquired by
Matthew Clark.
October 2000, Constellation Brands' Matthew Clark division acquired Forth Wines
Limited, a wine and spirits wholesaler operated primarily in Scotland .
September 2002, Canandaigua Brands, Inc. accepts name change to Constellation Brands, Inc.
(NYSE: STZ, STZ.B). The new name better reflects the scope of the company and its broad range of
over products to satisfy a wide range of consumer preferences.
1999:
Black Velvet Canadian Whisky, Simi Winery and Franciscan Vineyards acquired.
June 1999, the purchase of the Simi Winery and Franciscan Vineyards properties and
portfolios creates a fourth division of Canandaigua Brands, Inc., The Fine Wine Division. This
division will operate under Franciscan Estates to concentrate its efforts on the ultra-premium wine
category. The company's portfolio now includes such brands as Estancia, Franciscan, Mount Veeder ,
Veramonte and Simi.
April 1999, The Company acquires several Canadian Whisky brands, including #3
Canadian Whiskey, Black Velvet.
1998:
Arbor Mist launched and Matthew Clark, plc. acquired.
1998, The Arbor Mist product is launched, resulting in the creation of a new wine
category, "Wine With Fruit". This is one of the most successful product launches in Canandaigua
Wine Company's history, shipping over one million cases in its first 100 days of distribution.
Matthew Clark, plc, one of U.K. 's leading producers of British wines, cider and bottled waters is
also acquired. This expands the company's portfolio to include: K Cider, Blackthorn cider, QC
Sherry, the #1 Fortified British wine, and Stowells of Chelsea, the #1 boxed wine in the U.K.
1997: Canandaigua Brands, Inc. is formed as the parent company of Canandaigua Wine
Company and Barton Incorporated, following a decade of acquisitions resulting in a diversified
product portfolio expanding beyond the wine business.
1995: United Distillers Glenmore
The acquisition of certain assets of United Distillers Glenmore gives the company a
significant presence in the cordial and liqueur category with the addition of the following brands:
Mr. Boston, Canadian LTD, Skol, Old Thompson, Kentucky Tavern, Glenmore, di Amore, Fleischmann's,
Chi Chi's, and Schenley.
1994: Almaden and Inglenook are acquired through the purchase of Mission Bell
Winery
Canandaigua Wine Company purchases Mission Bell Winery from Heublein. This includes the
Almaden and Inglenook wine brands and the grape juice concentrate business.
1993: Barton Incorporated and Vintners International Company, Inc.
With the addition of Barton Incorporated, Canandaigua Wine Company further diversifies into
the imported beer and distilled spirits categories. The Barton Beer portfolio includes the popular
Mexican import, Corona , which is now the best selling imported beer in America , along with the
following brands: Peroni, St. Pauli Girl and Tsingtao . The Barton Brands portfolio included Barton
Gin & Vodka, Ten High Bourbon Whiskey and Montezuma Tequila. The acquisition of certain assets
of Vintners gives the company the Paul Masson, Taylor California Cellars, Great Western and Taylor
brands.
1991: Guild Wineries and Distilleries
The Company acquires all the assets and certain liabilities of Guild Wineries, a California
based cooperative owned and managed by grape growers in the region. At the time of the acquisition,
Guild represents the nation's seventh largest wine producer. The acquisition is consistent with the
Company's strategy to expand its portfolio of brands and reflects the growing consolidation in the
United States wine industry. This is the Company's first entry into the California wine market and
includes the Cribari, Dunnewood and Cook's brands. Net sales at this time are at approximately $200
million.
1990: Italian Swiss Colony added to portfolio
Italian Swiss Colony dessert wines are purchased, including the Jacques Bonet line of
sparkling wines.
1988: Marcus James imported from Brazil
Production of Marcus James Chardonnay, Cabernet, Merlot and White Zinfandel is shifted to
Brazil . The region where the grapes for these wines are grown is called "Vale Aurora".
1987: Widmer Wine Cellars and Manischewitz Wine Co. acquired
Widmer Wine Cellars in Naples , New York and the Manischewitz brand assets of the Monarch
Wine Company in Brooklyn are purchased. Production of the Manischewitz brand is moved to Widmer, as
well as a number of wines formerly produced at the Taylor Wine Company in Hammondsport , New York .
1984: Sun Country Cooler created
Sun Country Cooler is created and rolled out nationwide. It involves a tremendous effort by
all employees at Canandaigua Wine Company and sells one million cases within six months.
1979: J. Roget Champagne launched
The J. Roget brand spreads its wings to become the second largest selling champagne brand in
the country.
1974: Bisceglia Wine Company acquired
Further acquisitions in the 70's continues to fuel the company's growth. Several brands are
purchased for production at Richard's Wine Cellars. In 1974, Canandaigua Wine Company heads west
and acquires the Bisceglia Brothers Winery in Madera , California .
1973: Canandaigua Wine Company goes public
The Company becomes Canandaigua Wine Company, Inc. in late 1972 and goes public in 1973.
1972: Acquisition of Eastern Wine Company
The Eastern Wine Company in New York is purchased and their famous label Chateau Martin joins
the Canandaigua Wine Company portfolio.
1969: Hammondsport Wine Company acquired
Shortly after the purchase of Tenner Brothers, the Hammondsport Wine Company is added to the
growing list of facilities. Hammondsport gives the company a foothold in the sparkling wine market.
1965: Tenner Brothers acquired
The Canandaigua Industries sales force and distributor network increases throughout the 1960s
with the growth of the Wild Irish Rose brand. During this period of growth, the Tenner Brothers
Winery in South Carolina is purchased and the Virginia Dare label joins the family on a royalty
basis.
1954: Richard's Wild Irish Rose brand launched
The introduction of the Richard's Wild Irish Rose brand in 1954 spearheads the growth of the
company. With bottling taking place at five different locations in the U.S. , this unique
franchising system allows the brand to grow rapidly with minimal capital investment. As a result of
this system, Canandaigua Industries is able to develop its own wine production facilities to meet
the explosive demand for Wild Irish Rose.
1951: Richard's Wine Cellars Created
The Richard's Wine Cellars opens in Petersburg , Virginia with Mack Sands in charge of
operations.
1948: Mother Vineyard and Onslow Wine Companies are purchased
The Mother Vineyard Company in Manteo , North Carolina and the Onslow Wine Company also
located in North Carolina are purchased. Both wineries produce Scuppernong Wine, a varietal wine
produced from indigenous grapes that is very popular throughout the South.
1945: Canandaigua Industries Company founded
At the age of 21, Marvin Sands forms the Canandaigua Industries Company. With only eight
employees, their strategy is to sell bulk wine in barrels to bottlers in the East. In this first
year, the company sells approximately 200,000 gallons of wine and has gross sales of $150,000.