Constellation Brands is a Fortune 500 company with the largest beer import business in the US. It also invests in cannabis and owns over 100 brands including Robert Mondavi, Corona, and Svedka Vodka.
In 1945, at the age of 21, Marvin Sands bought Canandaigua Industries in upstate NY, marking the humble beginnings of the company.
1946
Establishment of Constellation Brands, Inc.
Constellation Brands, Inc. was founded in 1946 and has since been known for its sustainable and responsible operations in the agriculture industry.
1972
Incorporation of Canandaigua Wine Company, Inc.
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.
1973
Constellation Brands goes public
In 1973, Constellation Brands made the significant move of going public, allowing for more investment and growth opportunities.
1979
Constellation Brands achieves a sparkling triumph
In 1979, Constellation Brands celebrated a sparkling triumph, possibly referring to a major success or achievement in their business endeavors.
1980
Canandaigua Wine Company Becomes Eighth-Largest U.S. Wine Producer
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.
1984
Sun Country Cooler Launches Nationwide
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.
1986
Rob Sands Joins Canandaigua Wine Company
In 1986, Marvin's son, Rob Sands, joined Canandaigua Wine Company as general counsel, continuing the family legacy within the company.
1987
Widmer Wine Cellars and Manischewitz Join Canandaigua Wine 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.
1990
Canandaigua Wine Company Markets 100 Brands
By 1990, Canandaigua Wine Company had a diverse portfolio, marketing 100 brands across all wine classifications.
1991
FTC Consent Agreement on Cisco Wine
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.
1992
Constellation Brands Inc Stock Split
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.
1998-09
Arbor Mist Launch
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.
1999
Marvin Sands passes away
Marvin Sands, the founder of the company, dies after leading the company for over 50 years.
2000
Company Name Change to Constellation Brands, Inc.
In 2000, the company changed its name to Constellation Brands, Inc. to reflect the scope of the company and its range of brands.
2001
Acquisition of Ravenswood and Turner Road Vintners
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.
2004
Acquisition of The Robert Mondavi Corporation
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.
2005
Constellation added to S&P 500 Index
Standard & Poor's includes Constellation Brands in its S&P 500 Index, recognizing the company's growth strategy success and increased shareholder value.
2006
Acquisition of Vincor International by Constellation Brands
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.
2007
Acquisition of Clos du Bois, Wild Horse, and SVEDKA Vodka by Constellation Brands
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.
2008
Constellation Brands Sales
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.
2009
Handing Over the Reigns
Rob Sands becomes Constellation's new CEO and president while Richard Sands remains chairman of the board.
2010
Conviction in Fake Pinot Noir Wine Scheme
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.
2011
Going Solar
Gonzales Winery in California completes one of the largest winery solar panel installations in the world.
2012
Selling the Australian and U.K. Business
Constellation finalizes the sale of its Australian and U.K. business operations.
2013-07-03
Constellation Brands Founded
Constellation Brands, Inc. was founded on July 3, 2013 in the United States of America.
2014
Joint Venture with Owens-Illinois
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.
2015
Acquisition of Meiomi luxury wine brand and Ballast Point
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.
2016
Acquisition of The Prisoner Wine Company's Portfolio and Charles Smith Collection
Constellation Brands acquires The Prisoner Wine Company's brands, including The Prisoner, strengthening its presence in the high-end wine category. The company also purchases the Charles Smith collection of wines, solidifying its position as a major supplier of Washington State wines.
2017-10
Constellation's Investment in Canopy Growth Corporation
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.
2018-08
Constellation's Additional Investment in Canopy Growth Corporation
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.
2019
Deal to Sell Wine Brands to E. & J. Gallo Winery
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.
2020-09-15
Acquisition of Copper & Kings American Brandy
On September 15, 2020, Constellation Brands acquired craft spirits producer Copper & Kings American Brandy.
2021
Benchmarking Key Competitors
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.
2022
ESG Impact Report
The ESG Impact Report for the year 2022 showcases Constellation Brands' performance in terms of Environmental, Social, and Governance factors.
2023-10
Equity shares sold to Catoctin Creek Distilling Co.
In October 2023, Constellation Brands sold equity shares to Catoctin Creek Distilling Co.
2024-01-31
Constellation Brands Modified Date
On January 31, 2024, Constellation Brands, Inc. had a modification or update.
2024-03-27
Constellation Brands Inc All-Time High Stock Price
The all-time high closing stock price for Constellation Brands Inc was $272.04 on March 27, 2024.
2084
SIC Code for Wines, Brandy, and Brandy Spirits
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.