Constellation Brands completes sale of Almaden and Inglenook to The Wine Group at Wine Industry Report

Constellation Brands completes sale of Almaden and Inglenook to The Wine Group

Published by

February 29, 2008 in California and Mergers & Acquisitions.

Constellation Brands, Inc. (NYSE: STZ, ASX: CBR), a leading international producer and marketer of beverage alcohol, today completed the previously announced sale of the Almaden and Inglenook wine brands, and the Paul Masson winery located in Madera, Calif., to The Wine Group LLC for $134 million in cash. Proceeds from the transaction will be used to reduce Constellation’s borrowings.

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