President of Mexico, Peña Nieto, Welcomes Rob Sands, President and CEO of Constellation Brands

Company Reaffirms Its Confidence and Commitment in Mexico 

 
  • Constellation Brands is in the process of investing approximately US $2 billion for the expansion of the company´s brewery and glass bottle production plant in Nava, Coahuila.
  • This investment will increase the brewery’s production capacity from 10 million hectoliters to 25 million hectoliters by the end of 2017.
 
Mexico City, June 16, 2015 – Today, President Enrique Peña Nieto welcomed Rob Sands, President and CEO of Constellation Brands, to his official residence (Los Pinos) in order to discuss the significant investments the company is making in the country.
 
During the ceremony, Mr. Sands expressed the company’s commitment to growth in Mexico, evidenced by its investment of approximately US $2 billion to expand Constellation Brands’ brewery and glass bottle production plant in Nava, Coahuila. This investment includes increasing the brewery’s production capacity from 10 million hectoliters to 25 million hectoliters by the end of 2017 and expanding the glass plant from one to four furnaces. When the expansions are complete, Constellation Brands expects that approximately 2,500 persons will be employed at the brewery, glass plant and Mexico City office locations.
 
This year, Constellation Brands is celebrating its 70th anniversary. Today, the company is the #1 multi-category supplier of beverage alcohol and the #3 beer company in the U.S., thanks to its iconic portfolio of imported Mexican beer brands, including Corona Extra, Corona Light, Modelo Especial, Negra Modelo, Pacifico and Victoria.
 
Constellation is also the #1 premium wine company in the world with brands such as Robert Mondavi, Ruffino and Kim Crawford. The company also has a number of premium spirits brands, including SVEDKA Vodka, Black Velvet Canadian Whisky, and its most recent addition, Casa Noble, which is a handcrafted tequila that complements its Mexican beer portfolio.
 
At the end of the ceremony, Mr. Sands stated: “Constellation Brands is proud to be in Mexico, and we are here to stay. Our commitment and investments in our Mexican beer portfolio have resulted in record-breaking growth and accelerating U.S. consumer demand that is far ahead of market trends. We are thrilled about the investments we are making in Mexico because we believe Mexican high-end beer will continue to grow and be a leading beer segment in the U.S. for years to come.”
 
Also present during the meeting were Mr. Luis Videgaray, Secretary of Finance; Mr. Ildefonso Guajardo, Secretary of the Economy; Mr. Enrique Martínez, Secretary of Agriculture; Mr. Rubén Moreira, Governor of the State of Coahuila, and Mr. Anthony Wayne, Ambassador of the U.S. in México as well as representatives of the Mexican Government.
 
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. In 2014, Constellation was one of the top performing stocks in the S&P 500 Consumer Staples Index. Constellation is the number three beer company in the U.S. with high-end, iconic imported brands including Corona Extra, Corona Light, Modelo Especial, Negra Modelo, Pacifico and Victoria. Constellation is also the world’s leader in premium wine selling great brands that people love including Robert Mondavi, Clos du Bois, Kim Crawford, Rex Goliath, Mark West, Franciscan Estate, Ruffino and Jackson-Triggs. The company’s premium spirits brands include SVEDKA Vodka and Black Velvet Canadian Whisky.
 
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 7,200 talented employees. We express our company vision: to elevate life with every glass raised. To learn more, visit www.cbrands.com.
 
Forward-Looking Statements
This news release contains forward-looking statements. The word “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans and objectives of management, as well as information concerning expected actions of third parties. The forward-looking statements are based on management's current expectations. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements. In addition to risks associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including other factors and uncertainties disclosed from time-to-time in Constellation Brands, Inc.’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended Feb. 28, 2015.