By Jessica Yadegaran
Tuesday, November 13th, 2007 at 5:13 pm in Uncategorized.
This just in from the Chronicle. Constellation Brands has agreed to buy several more major labels, including Clos du Bois.
The New York-based company will pay $885 million for the U.S. wine business of Fortune Brands, which also includes the Geyser Peak, Wild Horse (my first Merlot!), Buena Vista Carneros and Gary Farrell labels.
As part of the deal, Constellation will get about 1,500 acres of vineyards in Sonoma and
Napa. The deal will be final by year’s end and builds on its position as the world’s biggest winemaker.
They bought Mondavi in 2004, probably the biggest and most well-known family-owned winery in the country. And the trend continues. Follow the link to read the whole story.