Record participation from Constellation's Gold Network distributors and contributions from retailers and consumers drove highest single contribution to date
Chicago, Ill., Sept. 9, 2016 - Constellation Brands (NYSE: STZ and STZ.B), a leading beverage alcohol company and the third-largest beer company in the United States, today announced the largest single donation ever made by Constellation to The V Foundation, one of the leading cancer research funding organizations in the nation. Distributors, retailers and consumers collectively raised more than $1,230,000 through direct pledges and cash donations, on- and off-premise retail promotions, golf tournaments and other events from winter of 2015 to summer of this year.
Since the partnership began in 2010, Constellation Brands Beer Division has provided more than $9 million in total support for The V Foundation's cancer research initiatives. This year's donation reflects Constellation's most successful "Your Corona Gets Us Closer to a Cure" retail initiative, which falls under the Corona Extra and Corona Light brand banners, since 2010.
"Constellation Brands is proud to support The V Foundation in the fight against cancer, a disease that has touched us all in some manner," said Jim Ryan, senior vice president of corporate affairs for Constellation Brands Beer Division. "Our longtime partnership with The V Foundation has become a cornerstone of Constellation's growing corporate social responsibility program."
All proceeds from Constellation Brands, its distributor network, retailers, consumers and other business partners will benefit The V Foundation, with 100 percent of funds raised directly benefiting cancer research. The V Foundation, founded by collegiate basketball coach Jim Valvano and ESPN, has awarded more than $150 million in research grants for all types of cancer since its inception. For more information about Constellation's corporate social responsibility programs, visit constellationcsr.com.
About Constellation Brands
Constellation Brands (NYSE: STZ and STZ.B) is a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Canada, Mexico, New Zealand and Italy. Constellation is a Fortune 500® company and one of the top performing stocks in the S&P 500 Consumer Staples Index. Constellation is the No. 3 beer company in the U.S. with high-end, iconic imported brands such as Corona Extra, Corona Light, Modelo Especial, Modelo Negra and Pacifico. The company's beer portfolio also includes Ballast Point, one of the most awarded craft brewers in the U.S. In addition, Constellation is the world's leader in premium wine, selling great brands that people love, including Robert Mondavi, Clos du Bois, Kim Crawford, Meiomi, Mark West, Franciscan Estate, Ruffino and Jackson-Triggs. The company's premium spirits brands include SVEDKA Vodka and Casa Noble Tequila.
Based in Victor, N.Y., the company believes that industry leadership involves a commitment to brand building, our trade partners, the environment, our investors and to consumers around the world who choose our products when celebrating big moments or enjoying quiet ones. Founded in 1945, Constellation has grown to become a significant player in the beverage alcohol industry with more than 100 brands in its portfolio, sales in approximately 100 countries, about 40 facilities and approximately 9,000 talented employees. We express our company vision: to elevate life with every glass raised. To learn more, visit www.cbrands.com.
Jennifer Dohm: 312-873-9979