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Constellation Brands Announces Purchase of Grupo Modelo

By December 24, 2016Top News

Grupo ModeloConstellation Brands plans to purchase Grupo Modelo, a subsidiary of Anheuser-Busch, for $600 million. The brewery is located in Obregon, Mexico and is estimated to have four million hectoliters of production capacity. The acquisition allows Constellation Brands to obtain a functioning brewery to support its fast-growing, high-end Mexican beer portfolio, as well as give the brand flexibility for innovation. “We look forward to welcoming Obregon’s talented employees to our Constellation family and working together to continue to capture the ongoing growth we see in the high-end segment of the U.S. beer market,” said Rob Sands, President and CEO of Constellation Brands.

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