Constellation Brands announced transactions to focus on premium, high-margin and high-growth brands. The company said it was enhancing its U.S. wine portfolio with the acquisition of the Charles Smith Wines collection, five ultra-premium wines for approximately $120 million. The transaction includes Kung Fu Girl Riesling, Velvet Devil Merlot, Boom Boom! Syrah, Eve Chardonnay and Chateau Smith Cabernet Sauvignon. Within their spirit portfolio, Constellation has completed the High West acquisition, which includes all of High West’s operations and its portfolio of American straight whiskeys.