Humble Beginnings
At the age of 21, Marvin Sands purchases Canandaigua Industries in upstate NY. With only eight employees, he sells 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.
Constellation Brands
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Enhancing Our Fine Wine Portfolio and Investing in Craft Spirits
Constellation acquires The Prisoner Wine Company's portfolio of brands led by The Prisoner, further strengthening the company’s position at the high-end of the wine category. The company purchases the Charles Smith collection of wines, solidifying its position as the second leading supplier of Washington State wines. Constellation also expands its portfolio into the booming craft spirits category with the purchase of Utah-based High West Distillery.
Humble Beginnings for 1992
At the age of 21, Marvin Sands purchases Canandaigua Industries in upstate NY. With only eight employees, he sells 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.
Enhancing Our Fine Wine Portfolio and Investing
Constellation acquires The Prisoner Wine Company's portfolio of brands led by The Prisoner, further strengthening the company’s position at the high-end of the wine category. The company purchases the Charles Smith collection of wines, solidifying its position as the second leading supplier of Washington State wines. Constellation also expands its portfolio into the booming craft spirits category with the purchase of Utah-based High West Distillery.
Selling the Canadian Wine Business
To further evolve its wine and spirits portfolio, focus on high margin, high growth brands, and increase shareholder value, Constellation sold its Canadian wine business to Ontario Teachers’ Pension Plan.
Expanding Brewery Capacity
To support the high demand for its iconic Mexican beers and provide greater flexibility to support its growth and innovation plans, Constellation purchased a brewery in Obregon, Mexico from Grupo Modelo, a subsidiary of Anheuser-Busch InBev SA/NV, for $600 million. The brewery is located on Mexico’s west coast, and helps to service Constellation’s largest beer markets in the western U.S.
Elevating the Portfolio
Schrader Cellars entrusts Constellation with its highly coveted, critically acclaimed wine portfolio. The Schrader Cabernet Sauvignon portfolio, sourced from the premier vineyards of Napa Valley, including the famed Beckstoffer To Kalon Vineyard in Oakville, is the highest-rated American Cabernet Sauvignon portfolio with a total of 24 100-point ratings.
Investing in Emerging Markets
Staying ahead of consumer trends and to exchange knowledge and expertise, Constellation signs an agreement to acquire a minority stake in Canopy Growth Corporation, a well-respected public company in Canada and leading provider of medicinal cannabis products.
Focusing on Leadership Development
Bill Newlands is promoted to Constellation’s president and chief operating officer (COO). Rob Sands, who previously held the title of president and chief executive officer (CEO), continues to serve as the company’s CEO.
Leading Our Next Chapter
Bill Newlands succeeds Rob Sands as Constellation’s president and CEO. Rob assumes the role of executive chair.