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ne labels in january 2021 to e j gallo for 810 million including clos du bois 24 in 2013 constellation acquired grupo modelo s us beer business from anheuser busch inbev who were required to divest the business as a part of an anti trust settlement permitting anheuser busch inbev to acquire grupo modelo 25 constellation had formerly imported corona and other modelo brands to the united states the transaction included full ownership of crown imports llc which provided constellation with complete independent control of all aspects of the us commercial business a brewery in mexico an exclusive perpetual brand license in the us to import market and sell corona and the modelo brands and the freedom to develop brand extensions and innovations for the us market 16 it now manufactures these products in mexico for the us market with grupo modelo serving all other countries 26 in 2014 constellation finalized a joint venture with owens illinois and completed the acquisition of anheuser busch inbev s glass production plant located adjacent to the company s brewery in nava mexico 27 in december 2015 constellation announced the 1 billion acquisition of ballast point brewing of san diego 28 in october 2016 constellation announced the 160 million acquisition of high west distillery of park city utah 29 in august 2017 constellation announced the acquisition of funky buddha brewery of oakland park florida 30 in april 2018 accolade wines acquired under the name brl hardy was sold to private equity firm the carlyle group constellation had already in 2011 reduced its holdings in accolade to 20 31 32 in february 2019 constellation announced it had acquired a minority stake in black button distilling a craft spirits distillery in rochester ny citation needed in april 2019 constellation announced a deal to sell wine brands including clos du bois and mark west to e j gallo winery for 1 7 billion 33 in july 2019 constellation announced it had acquired a minority stake in montanya distillers a craft rum distillery in crested butte colorado and a majority stake in nelson s green brier distillery a revival of the original green brier tennessee whiskey and belle meade bourbon labels in nashville tn 34 35 in december 2019 the sale of ballast point brewing to kings convicts brewery of illinois was announced terms were not disclosed 36 in july 2020 constellation brands acquired empathy wines co founded by entrepreneur gary vaynerchuk 37 on september 15 2020 it was announced constellation brands acquired craft spirits producer copper kings american brandy in february 2022 constellation was reported to have approached monster beverage to enter into a merger with a combined valuation above 90 billion 38 in 2023 constellation brands sold funky buddha back to its founders 39 on june 24 2024 constellation brands re located its headquarters to a 170 000 square foot campus on the site of the historic aqueduct building in downtown rochester the first fortune 500 company to operate in the city in two decades 40 cannabis edit in 2017 the company began investing in medical marijuana in march 2019 bill newlands became ceo 41 in october 2017 constellation agreed to pay about c 245 million 191 million for a 9 9 stake in canopy growth corporation a canadian seller of medicinal marijuana products 42 at the time of the agreement constellation became the first fortune 500 company and the first major alcoholic beverage maker to take a minority stake in a marijuana business 43 in august 2018 the company announced that it would invest an additional us 4 billion in canopy growth corporation in advance of the legalization of recreational cannabis in canada in october that year the investment will increase its share in the canadian company to 38 canopy growth president bruce linton said the additional funds would be used for international expansion and that future marketing plans included products such as cannabis infused beverages and sleep aids 6 44 since 2023 constellation started stepping back from the cannabis infused drinks market the company reduced its stake in canopy growth corporation and signalled that it could withdraw completely 45 controversies edit in 1991 the company reached a consent agreement with the federal trade commission to change the packaging and marketing of cisco wine after the ftc alleged that cisco s marketing was deceptively similar to wine coolers despite cisco having a much higher alcohol content 46 in 2010 a french court in carcassonne france convicted 12 wine traders and producers including constellation for selling fake pinot noir wine to us buyers in a scheme that lasted from january 2006 to march 2008 constellation later faced and settled a class action lawsuit because it should have known that the wine was fake 47 in 2018 constellation brands was involved in a water rights dispute over a proposed manufacturing facility in the city of mexicali baja california mexico the water was from the colorado river which not only supplies the water for mexicali and the agricultural valley but is also piped to the mountain and coastal cities of tijuana tecate rosarito and some areas of ensenada 48 in 2021 ab inbev sued constellation brands after the company launched two new modelo branded beers on the us market arguing that the first beer illegally used the term tequila to describe the barrels where the beer was aged and that the second beer was inappropriately using the term bourbon to describe the barrels where the beer was aged because bourbon has nothing to do with mexico 49 references edit fiscal year 2019 summary annual report pdf constellation brands p 4 retrieved september 11 2019 1 2 3 4 5 constellation brands inc 2020 annual report cbrands gcs web com february 28 2021 retrieved december 31 2021 1 2 constellation brands fortune archived from the original on december 19 2018 retrieved february 11 2022 brewers association sales of the leading beer import companies in the united states in 2015 in million u s dollars in statista the statistics portal retrieved december 10 2016 beer marketer s insights beer marketer s insights major supplier shipments and share 2015 vs 2014 beerinsights com retrieved december 10 2016 1 2 sheetz michael august 15 2018 corona beer maker constellation ups bet on cannabis with 4 billion investment in canopy growth cnbc nbcuniversal retrieved september 11 2019 constellation brands company profile pdf cbrands com archived from the original pdf on august 9 2017 retrieved june 6 2017 industry mexico constellation brands starts its second expansion stage on its plant in nava invest in mexico retrieved june 15 2023 mexico constellation brands to dismantle 10m hl brewery within two years www inside beer february 26 2021 retrieved june 15 2023 madry kylie january 7 2022 mexico says constellation brewery to be built by river after water dispute reuters retrieved june 15 2023 mexico says constellation brewery to be built by river after water dispute yahoo finance january 7 2022 retrieved june 15 2023 1 2 3 fisher lawrence august 31 1999 marvin sands winery s chairman dies at 75 the new york times retrieved june 6 2017 1 2 constellation brands constellation brands history and heritage archived from the original on june 19 2017 retrieved april 16 2018 paulson lynn the birth of canandaigua industries mpnnow com archived from the original on december 15 2018 retrieved april 14 2018 manischewitz wine heritage history archived from the original on august 1 2008 retrieved 2008 09 06 1 2 doob rachael february 22 2015 get to know robert sands president of constellation brands grape collective retrieved june 6 2017 shaw john january 18 2003 constellation brands agrees to buy australian winery the new york times retrieved april 24 2009 mondavi to join constellation in 1 billion deal wine spectator archived from the original on january 1 2009 retrieved may 15 2009 constellation to buy vincor for 1 09 billion usa today april 3 2006 retrieved may 15 2009 constellation brands to buy svedka vodka reuters february 6 2007 retrieved may 15 2009 sam zuckerman november 13 2007 constellation brands buys several california premium wine labels san francisco chronicle retrieved november 13 2007 styles oliver january 23 2008 constellation sells inglenook almaden and paul masson winery reports 832 million dollar loss decanter com archived from the original on april 19 2008 retrieved april 8 2008 gershberg michele january 12 2009 constellation sells value spirits for 334 mln reuters uk archived from the original on april 28 2009 retrieved may 15 2009 dowd katie may 9 2021 mass layoffs at bay area winery after acquisition by gallo sfgate archived from the original on may 9 2021 retrieved may 10 2021 anheuser busch inbev and constellation brands announce revised agreement for complete divestiture of u s business of grupo modelo supermarket news december 31 2017 beeson james december 22 2022 constellation brands to expand mexican beer production again in sonora justdrinks towns chip december 19 2014 o i enters joint venture to co own glass plant the blade retrieved june 6 2017 constellation to buy ballast point brewing for 1 billion bloomberg november 16 2015 retrieved april 14 2018 via www bloomberg com mickle tripp october 4 2016 constellation brands acquires high west distillery for 160 million wsj retrieved october 23 2019 craft brewer funky buddha joins constellation brands nasdaq august 10 2017 retrieved august 10 2017 macdonald anthony thompson sarah april 5 2018 champ secures 1b deal for australian winemaker accolade wines australian financial review fairfax media retrieved june 1 2018 berry petrina june 1 2018 us firm looks to asia after buying sa based accolade wines indaily retrieved june 1 2018 thomas patrick april 3 2019 constellation to sell several wine brands to gallo in 1 7 billion deal wall street journal issn 0099 9660 retrieved april 30 2019 constellation brands www cbrands com archived from the original on august 8 2019 retrieved august 8 2019 constellation buys minority stake in montanya distillers the spirits business july 24 2019 retrieved march 6 2021 noel josh december 3 2019 ballast point sold to tiny suburban chicago brewery kings and convicts in beer industry stunner chicagotribune com retrieved december 4 2019 constellation brands acquires gary vaynerchuk s empathy wines cnbc july 2020 retrieved august 14 2020 monster beverage and constellation mergers talks are progressing bloomberg february 14 2022 hanacek andy may 30 2023 constellation brands to sell funky buddha brewery back to co founders food processing endeavor business media retrieved june 16 2023 new york state of june 24 2024 o governor hochul announces grand opening of constellation brands new 50 million global headquarters in downtown rochester empire state development retrieved june 24 2024 constellation brands names bill newlands next ceo www cbrands com archived from the original on february 18 2019 retrieved february 17 2019 bovaird charles october 31 2017 this is the first fortune 500 marijuana stock investopedia retrieved october 31 2017 nurin tara when it comes to weed one major alcohol company decides if you can t beat em join em forbes retrieved october 31 2017 this is rocket fuel constellation brands spending c 5 billion to boost stake in canopy growth financial post august 15 2017 retrieved august 10 2017 emler ron november 6 2023 constellation steps back from cannabis the drinks business retrieved december 3 2023 the maker of cisco a flavored wine product with upi archives upi retrieved december 26 2023 french pinot noir class action settlement topclassactions com february 7 2012 retrieved april 14 2018 zaragoza alex march 26 2018 as big beer moves in activists in mexicali fight npr npr org christopher doering ab inbev sues constellation brands over move to sell new mexican beers in us fooddive com 2 september 2021 external links edit wikimedia commons has media related to constellation brands official website business data for constellation brands inc google sec filings yahoo authority control databases international isni viaf fast national united states v t e s p 500 companies communication services alphabet inc at t charter communications comcast echostar fox corporation live nation entertainment meta platforms netflix news corp omnicom group paramount skydance reddit t mobile take two interactive tko group holdings verizon the walt disney company consumer discretionary airbnb amazon aptiv autozone best buy booking holdings carnival carvana chipotle mexican grill darden restaurants deckers brands domino s doordash d r horton ebay expedia group ford motor company garmin general motors genuine parts company hasbro hilton worldwide home depot las vegas sands lennar lowe s lululemon marriott international mcdonald s mgm resorts international nike inc norwegian cruise line holdings nvr inc o reilly auto parts pultegroup ralph lauren corporation ross stores royal caribbean group starbucks tapestry inc tesla inc tjx tractor supply company ulta beauty williams sonoma inc wynn resorts yum brands consumer staples altria archer daniels midland brown forman bunge global casey s church dwight clorox the coca cola company colgate palmolive constellation brands costco dollar general dollar tree estée lauder companies general mills the hershey company hormel foods kenvue keurig dr pepper kimberly clark kraft heinz kroger mccormick company mondelez international monster beverage pepsico philip morris international procter gamble the j m smucker company sysco target corporation tyson foods vylor walmart energy apa corporation baker hughes chevron corporation conocophillips devon energy diamondback energy eog resources eqt corporation expand energy exxonmobil halliburton kinder morgan marathon petroleum occidental petroleum oneok phillips 66 slb targa resources texas pacific land corporation valero energy williams companies financials aflac allstate american express american international group ameriprise financial aon apollo global management arch capital group ares management arthur j gallagher co assurant bank of america berkshire hathaway blackrock blackstone inc block inc bny brown brown capital one cboe global markets charles schwab corporation chubb limited cincinnati financial citigroup citizens financial group cme group coinbase corpay erie indemnity everest group factset fis fifth third bank fiserv franklin resources global payments globe life goldman sachs the hartford huntington bancshares interactive brokers intercontinental exchange invesco jack henry associates jpmorgan chase keybank kkr co loews corporation m t bank marsh mclennan mastercard metlife moody s corporation morgan stanley msci nasdaq inc northern trust paypal pnc financial services principal financial group progressive corporation prudential financial raymond james financial regions financial corporation robinhood markets s p global state street corporation synchrony financial t rowe pr...