E. & J. Gallo Winery today announced that it has completed the acquisition of more than 30 wine brands from Constellation Brands.
The closing of the agreement between Gallo and Constellation was approved by the Federal Trade Commission on December 23, 2020.
The acquisition includes well-known wine brands such as Arbor Mist, Black Box, Clos du Bois, Estancia, Franciscan, Hogue, Manischewitz, Mark West, Ravenswood, Taylor, Vendange and Wild Horse. All now join the Gallo portfolio.
With this acquisition, Gallo expands its operational footprint with the addition of 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.
“The closing of this transaction represents our company’s long-term commitment to the wine industry,” says Chief Executive Officer, Ernest J. Gallo. “We are pleased to welcome the new employees joining the Gallo family.”
The acquisition was first announced by Gallo and Constellation on April 3, 2019. The originally quoted purchase price was $1.7 billion.
Pursuant to the FTC consent order, Gallo will also divest two of its legacy dessert brands, Fairbanks and Sheffield, to Precept Brands LLC. Terms of the transaction between Gallo and Precept were not disclosed. The post Gallo Completes Purchase of More Than 30 Brands From Constellation first appeared on Beverage Dynamics.
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Author: Kyle Swartz