Constellation Announces Hart-Scott-Rodino Regulatory Waiting Period Terminated on the Acquisition of Ravenswood Winery

FAIRPORT, N.Y., May 3 /PRNewswire/ -- Constellation Brands, Inc. (NYSE: STZ and STZ.B) today announced that it has received notification that the waiting period under the Hart-Scott-Rodino Act has been terminated relative to its acquisition of Ravenswood Winery, Inc. (Nasdaq: RVWD). Constellation continues to move forward with the Ravenswood acquisition, which is subject to customary closing conditions and is expected to close in late June 2001.

About Constellation

Constellation Brands, Inc. is a leader in the production and marketing of beverage alcohol brands in North America and the United Kingdom and is a leading independent drinks wholesaler in the United Kingdom. Leading brands in Constellation's portfolio include: Franciscan Oakville Estate, Simi, Estancia, Corona Extra, Modelo Especial, St. Pauli Girl, Almaden, Arbor Mist, Talus, Vendange, Alice White, Black Velvet, Fleischmann's, Schenley, Ten High, Stowells of Chelsea, Blackthorn and K.

The statements set forth in this press release, which are not historical facts, are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. There can be no assurance that any forward-looking statement in this press release will be realized.

SOURCE Constellation Brands, Inc.

CONTACT: Mark Maring, V.P. - Investor Relations of Constellation Brands, Inc., 716-218-2169/