M&A Deal Summary

Ascentia Wine Estates Acquires Constellation U.S. Wine Assets

On June 10, 2008, Ascentia Wine Estates acquired beverage company Constellation U.S. Wine Assets from Constellation Brands for 209M USD

Acquisition Highlights
  • This is Ascentia Wine Estates’ 1st transaction in the Beverages sector.
  • This is Ascentia Wine Estates’ largest (disclosed) transaction.
  • This is Ascentia Wine Estates’ 1st transaction in the United States.

M&A Deal Summary

Date 2008-06-10
Target Constellation U.S. Wine Assets
Sector Beverages
Buyer(s) Ascentia Wine Estates
Sellers(s) Constellation Brands
Deal Type Divestiture
Deal Value 209M USD

Target

Constellation U.S. Wine Assets

United States
Constellation U.S. Wine Assets includes brands of Geyser Peak, Buena Vista, Gary Farrell, Atlas Peak and XYZ.

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Buyer(S) 1

Buyer

Ascentia Wine Estates

Healdsburg, California, United States

Category Company
Founded 2008
Sector Beverages
DESCRIPTION

Ascentia Wine Estates, LLC, produces wine under the brands Atlas Peak, XYZin Wines, and Geyser Peak.


DEAL STATS #
Overall 1 of 1
Sector (Beverages) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Constellation Brands

Victor, New York, United States

website


Category Company
Founded 1945
Sector Beverages
Employees10,000
Revenue 8.8B USD (2022)
DESCRIPTION

Constellation Brands is an international beverage alcohol company with many products recognized as leaders in their respective categories and geographic markets. The Company is the third-largest producer and marketer of beer for the U.S. market and the world’s leading premium wine company with a leading market position in the U.S. and Canada. Constellatino's wine portfolio is complemented by select premium spirits brands and other select beverage alcohol products. Constellatino is also the largest multi-category supplier (beer, wine and spirits) of beverage alcohol in the U.S. Contellation's customers include wholesale distributors, retailers, on-premise locations and government alcohol beverage control agencies. Constellation Brands was incorporated in 1945 and is based in Victor, New York.


DEAL STATS #
Overall 1 of 11
Sector (Beverages) 1 of 11
Type (Divestiture) 1 of 11
Country (United States) 1 of 7
Year (2008) 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-05 Vincor International

Mississauga, Ontario, Canada

Vincor International, Inc. provides wines, wine kits, and refreshment products.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-25 Constellation Value Spirits Brands

Fairport,, New York, United States

Constellation Brands Inc., Value Spirits Brand comprises spirits and other alcoholic beverages.

Sell $334M