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The Wine Group Completes Acquisition of Several Wine Brands and Production Facilities from Constellation Brands

1. The Wine Group acquired several premium brands from Constellation Brands. 2. Acquisition boosts TWG's operational capacity with three new facilities. 3. 500 employees joined TWG, enhancing their workforce and capabilities. 4. The deal aims to increase premium wine offerings and retail presence. 5. TWG now manages over 125 wine brands across various markets.

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$174.1706/02 06:19 PM EDTEvent Start
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FAQ

Why Bearish?

Constellation Brands is divesting assets, which could imply potential struggles or shifts in focus. Historical trends show divestiture often correlates with underlying business re-evaluation.

How important is it?

The acquisition shows competitive movement in the wine industry but may not strongly affect STZ. The importance lies in the strategic shifts of competitors in a similar space.

Why Long Term?

TWG's acquisition may strengthen market position, but immediate effects are outweighed by potential losses for STZ. Long-term shifts in brand strength and market dynamics are more impactful.

Related Companies

STZTWG
Global Wine Producer Successfully Closes Acquisition, Expanding its Operational Capabilities and Vast Wine Portfolio with New Premium and Ultra-Premium Brands LIVERMORE, Calif.--(BUSINESS WIRE)--The Wine Group LLC (TWG), one of the world’s foremost producers of award-winning wines, announced today that it has successfully closed its acquisition of several popular, premium and ultra-premium wine brands from Constellation Brands, Inc.: Cook’s, J. Rogét, Meiomi, Robert Mondavi Private Selection, SIMI, and Woodbridge.“We’re thrilled to close this exciting acquisition and welcome 500 new team members to our incredible team,” said John Sutton, CEO, The Wine Group.Share The acquisition also brings TWG three (3) new facilities and approximately 6,600 owned and leased vineyard acres throughout California. The facilities include production sites in Lodi, CA and Monterey County, CA, as well as the SIMI winery in Healdsburg, CA. Approximately 500 employees who work at these sites and vineyards have now joined the TWG team. “We’re thrilled to close this exciting acquisition and welcome 500 new team members to our incredible team,” said John Sutton, CEO, The Wine Group. “The addition of highly-regarded brands – along with new sites that expand our in-house innovation capabilities – further empowers us to deliver the range of offerings consumers want, for all types of occasions. We’re very energized by the opportunities ahead.” In addition to increasing TWG’s premium and ultra-premium wine offerings, the acquisition expands the company’s on-premise volume and retail presence. About The Wine Group The Wine Group (TWG) is a leading producer of award-winning wines and alcoholic beverages across 125+ brands. With operations in California, New York and Australia, TWG is an innovator in developing and marketing brands beloved by consumers globally, including Cupcake, Franzia, Benziger, Imagery, Tribute, Chloe, 7 Deadly, Cooper & Thief, and more. We produce our products using sustainable practices to create delicious beverages that people can feel good about. Visit us at www.thewinegroup.com.

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