BEVCOMMUNITY

Connect with the local beverage industry. Trade news, trends and insights.

FTC Grants Constellation and Gallo Transaction

By January 28, 2021Top News

E. & J. Gallo Winery (Gallo) completed the acquisition of more than 30 wine brands from Constellation Brands, Inc. The agreement between Gallo and Constellation was approved by the U.S. Federal Trade Commission (FTC) on Dec. 23, 2020. The acquisition includes Arbor Mist, Black Box, Clos du Bois, Estancia, Franciscan, Hogue, Manischewitz, Mark West, Ravenswood, Taylor, Vendange and Wild Horse. With this acquisition, Gallo expands its operational footprint by adding five wineries located in California, Washington, and New York, along with Constellation’s Polyphenolics business. Gallo will also acquire the Nobilo New Zealand Sauvignon Blanc brand in a separate transaction with Constellation. Pursuant to the FTC consent order, Gallo will divest two of its legacy dessert brands, Fairbanks and Sheffield, to Precept Brands LLC, while Constellation’s separate transactions with Sazerac will divest the Paul Masson Grande Amber Brandy brand and with Vie-Del Company, to divest certain brands used in Constellation’s grape juice concentrate business.

 

« | »