The growth of craft beers is not slowing down. The acquisition of Ballast Point Brewing Company will help capture market share. The Corona and Modelo Especial brands are experiencing overwhelming demand. Although the P/E ratio is on the high side, it ...
Constellation Brands also rose 4% today on heavy trading volume. Shares of the global wine, beer, and spirits giant touched a new all-time high in the wake of its fiscal third quarter earnings announcement.
Constellation Brands Inc. announced a deal Wednesday to purchase the Napa Valley-based Meiomi wine brand for $315 million, the latest marker of consolidation in the North Coast wine industry as vintners stock up on labels priced at $20 or more per bottle.
In June 2013, Constellation Brands, Inc (NYSE:STZ), already a serial acquirer of smaller wine and spirits companies, initiated a massive transaction with Anheuser Busch Inbev SA (NYSE:BUD) to reposition its portfolio for future growth.