Constellation Brands

Constellation Brands was founded in 1945.

Constellation Brands, Inc. was founded in 1946 and has since been known for its sustainable and responsible operations in the agriculture industry.

Canandaigua Wine Company, Inc. was incorporated in 1972, originally known as Canandaigua Wine Company, Inc. It later went public in 1973 and played a significant role in the alcoholic beverage industry.

In 1973, Constellation Brands made the significant move of going public, allowing for more investment and growth opportunities.

In 1979, Constellation Brands celebrated a sparkling triumph, possibly referring to a major success or achievement in their business endeavors.

In 1980, Canandaigua Wine Company achieved a significant milestone by becoming the eighth-largest wine producer in the United States, with net sales reaching $50.5 million.

In 1984, Sun Country Cooler was launched nationwide and quickly gained popularity, selling 1 million cases within six months and becoming the second best-selling wine cooler in the United States.

In 1986, Marvin's son, Rob Sands, joined Canandaigua Wine Company as general counsel, continuing the family legacy within the company.

In 1987, Widmer Wine Cellars and Manischewitz, renowned producers of table wine and kosher wines respectively, became part of Canandaigua Wine Company, expanding its wine family.

By 1990, Canandaigua Wine Company had a diverse portfolio, marketing 100 brands across all wine classifications.

In 1991, Constellation Brands reached a consent agreement with the Federal Trade Commission to change the packaging and marketing of Cisco wine due to deceptive marketing practices.

Constellation Brands Inc had a stock split in 1992, which is a process where a company divides its existing shares into multiple shares to boost liquidity and make them more affordable for investors.

The launch of Arbor Mist introduces a new wine category called 'Wine With Fruit,' becoming a highly successful product launch in the company's history by shipping over 1 million cases in the first 100 days and capturing 1.2% of the U.S. wine market by fall of 1998.

Marvin Sands, the founder of the company, dies after leading the company for over 50 years.

In 2000, the company changed its name to Constellation Brands, Inc. to reflect the scope of the company and its range of brands.

Constellation Brands acquires Ravenswood, the top-selling premium zinfandel in the U.S., along with various wines from Turner Road Vintners.

In 2003, Constellation Brands acquires Pacific Wine Partners, a joint venture with BRL Hardy, and renames it as Hardy Wine Co. This acquisition makes Constellation the world's largest wine producer and marketer, with sales exceeding 80 million cases annually. The company also expands its portfolio by adding the New Zealand business, including the renowned Kim Crawford brand.

In 2004, Constellation Brands announced the acquisition of California's The Robert Mondavi Corporation in a deal valued at over $1 billion. This acquisition further solidified Constellation Brands' position in the California wine industry.

Standard & Poor's includes Constellation Brands in its S&P 500 Index, recognizing the company's growth strategy success and increased shareholder value.

Constellation Brands completes the acquisition of Canadian wine company Vincor International, which includes popular wine brands like Jackson-Triggs and Inniskillin. This acquisition solidifies Constellation's position as Canada's largest wine producer and expands its presence in the Canadian market.

In 2007, Constellation Brands acquires iconic wine brands Clos du Bois and Wild Horse, along with Spirits Marque One, the owner of SVEDKA Vodka. SVEDKA Vodka, a premium vodka from Sweden, experiences significant growth and becomes one of the fastest-growing major premium spirits brands globally.

In fiscal year 2008, Constellation Brands reported sales of over $3.77 billion, solidifying its position as the largest wine producer in the world. The company operates globally with about 40 production facilities and 4,300 employees.

Rob Sands becomes Constellation's new CEO and president while Richard Sands remains chairman of the board.

In 2010, Constellation Brands was convicted in a French court for selling fake pinot noir wine in a scheme that lasted from 2006 to 2008, leading to a class action lawsuit settlement.

Gonzales Winery in California completes one of the largest winery solar panel installations in the world.

Constellation finalizes the sale of its Australian and U.K. business operations.

Constellation Brands, Inc. was founded on July 3, 2013 in the United States of America.

In 2014, Constellation finalized a partnership with Owens-Illinois (O-I) and acquired a modern glass production facility near its brewery in Nava, Coahuila, Mexico. This strategic move aimed to enhance Constellation's manufacturing capabilities.

Constellation acquires Meiomi luxury wine brand, known for its top position in dollar sales growth for pinot noir wines, and San Diego-based Ballast Point, a rapidly growing craft beer company. These acquisitions provide Constellation with a strong presence in the high-end wine and craft beer markets.

In 2016, Constellation Brands purchased a brewery in Obregon, Mexico from Grupo Modelo to meet the high demand for its iconic Mexican beers and support growth and innovation plans. The brewery, located on Mexico’s west coast, helps service Constellation’s major beer markets in the western U.S.

In October 2017, Constellation Brands agreed to pay about C$245 million for a 9.9% stake in Canopy Growth Corporation, becoming the first Fortune 500 company and major alcoholic beverage maker to invest in a marijuana business.

In August 2018, Constellation Brands announced a US$4 billion investment in Canopy Growth Corporation to increase its share to 38% in preparation for the legalization of recreational cannabis in Canada.

In April 2019, Constellation Brands announced a deal to sell wine brands, including Clos du Bois and Mark West, to E. & J. Gallo Winery for $1.7 billion.

On September 15, 2020, Constellation Brands acquired craft spirits producer Copper & Kings American Brandy.

Comparing Constellation Brands Inc with its key competitors such as Anheuser-Busch InBev NV/SA, Heineken NV, Diageo Plc, and Asahi Group Holdings Ltd in terms of operations, product releases, deals, acquisitions, and more.

In 2022, Constellation Brands Inc reported a revenue of $9.5 billion, showing a growth of 7.2% compared to the previous year.

In October 2023, Constellation Brands sold equity shares to Catoctin Creek Distilling Co.

On January 31, 2024, Constellation Brands, Inc. had a modification or update.

The all-time high closing stock price for Constellation Brands Inc was $272.04 on March 27, 2024.

The SIC code 2084 refers to businesses that are engaged in the production of wines, brandy, and brandy spirits. It is a specific classification code for companies in the alcoholic beverages industry.