Advertisement
 
YOU ARE HERE: LAT HomeCollectionsConstellation Brands Inc
IN THE NEWS

Constellation Brands Inc

BUSINESS
January 18, 2003 | From Times Staff and Wire Reports
Constellation Brands Inc. of Fairport, N.Y., uncorked a deal Friday to buy Australian winemaker BRL Hardy Ltd. for $1.1 billion, which if completed would knock vintner E. & J. Gallo Winery of Modesto from its perch as the world's largest winemaker by sales. The transaction would give Constellation -- which markets wines such as Ravenswood, a premium California brand -- a bigger share of Australia's rocketing wine exports.
Advertisement
BUSINESS
April 12, 2001 | From Bloomberg News and Reuters
Shares of Ravenswood Winery Inc. surged 65% on Wednesday to their highest level since the company went public in April 1999, after alcoholic beverage producer Constellation Brands Inc. agreed to acquire the winery for $148 million. Constellation Brands agreed to buy Sonoma, Calif.-based Ravenswood for about $29.50 a share and said it will assume minimal debt. The deal was seen closing in June and neutral to earnings for Constellation's fiscal year ending in February.
Los Angeles Times Articles
|