In the latest edition of Last Call: California’s Yurok Tribe to acquire Mad River Brewing; Boston Beer discontinues Marathon Brewing’s 26.2 Brew; Night Shift to launch a hard seltzer line; and more news.
- Constellation Brands IS HIRING!
- SEE JOB LISTINGS
- BREWERY TYPE
- Production - Large
- Constellation Brands, Inc. (NYSE: STZ and STZ.B), based in Victor, New York, is a leading wine, beer and spirits company with a broad portfolio of premium brands. Constellation is the world leader in premium wine, the number one beer importer and the number three beer company in the U.S. The company’s brand portfolio includes Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Pacifico, Ballast Point, Robert Mondavi, Clos du Bois, Kim Crawford, Meiomi, Mark West, Franciscan Estate, Ruffino, Jackson-Triggs, SVEDKA Vodka and Casa Noble Tequila.
- ANNUAL PRODUCTION
• Ballast Point Brewing Company
• Funky Buddha Brewery
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Constellation Brands has once again promoted Mallika Monteiro. Last Friday, the New York-headquartered maker of Mexican import brands Corona, Modelo and Pacifico appointed Monteiro as executive vice president and chief growth and strategy officer. Meanwhile, Ceria Beverages, which makes THC-infused, non-alcoholic beers, has appointed Greg Miller as its first vice president of business development.
Constellation Brands will enter the booming hard seltzer category next spring with a Corona branded spiked seltzer, CEO Bill Newlands said during the company’s second-quarter earnings call Thursday.
Constellation Brands is closing another Ballast Point taproom. The New York-headquartered beer, wine and spirits giant plans to close the taproom and restaurant at its Daleville, Virginia, production facility by the end of September, according to the Roanoke Times. Constellation will also cut 25 full- and part-time workers, as well as 16 temporary employees, the outlet reported.
The largest beer wholesaler in the U.S. has made another big acquisition in California. Reyes Holdings today announced that subsidiary Harbor Distributing LLC has reached an agreement to acquire DBI Beverage Inc.’s assets in Northern California. The news comes one week after Reyes sold its Reinhart Foodservice division to Performance Food Group Company for $2 billion.
Canopy Growth Corporation (TSE: WEED) today announced that co-CEO Bruce Linton has stepped down as chief executive and board member. However, Linton, who co-founded the company in 2013, called into CNBC to clarify that he was fired from the world’s largest cannabis company.
Constellation Brands’ beer portfolio continues to drive the company’s growth. The multifaceted alcohol company today reported its first-quarter fiscal 2020 earnings, which were highlighted by a 5.4 percent increase in shipments (sales-to-wholesalers) and a 6.6 percent increase in depletions (sales-to-retailers) for the three-month period ending May 31.
Funky Buddha Brewery’s Imperial Club is now open for registration. This private club grants members access to exclusive Funky Buddha releases (with storage) along with many other awesome benefits.
Constellation Brands, Inc., a leading beverage alcohol company, announced that Bill Newlands, president and CEO, is joining CEO Action for Diversity & Inclusion — the largest CEO-driven business commitment to advance diversity and inclusion within the workplace.
The Alcohol and Tobacco Tax and Trade Bureau (TTB) this month announced the acceptance of a $420,000 offer in compromise from Constellation Brands’ Crown Imports LLC subsidiary. According to the TTB, between January 1, 2016, and April 25, 2019, Constellation used a third party to make illegal payments to retailers in an effort to secure draft beer placements.
Canadian cannabis company Canopy is positioning itself to be a prime mover in the U.S. legal marijuana market, last week announcing an agreement to acquire Acreage Holdings in a deal valued at $3.4 billion.
Constellation Brands will shutter two Ballast Point Brewing facilities in Southern California, and back out of a plan to open a brewpub in San Francisco, Brewbound has learned. A spokeswoman with the New York-based beer, wine, and spirits company today confirmed the closure of Ballast Point Brewing’s 80,000 sq. ft. “Trade Street” sour beer and barrel-aging facility, which opened in San Diego in late 2017, as well as its Temecula, Calif.-based brewpub, which opened in 2016.
Four Corners Brewing Co. is coming to Southern California, expanding distribution of its flagship El Chingón IPA and new El Grito Lager. This introduction marks the first region outside of Texas where the award-winning craft brewery’s beers will be available.
Constellation Brands reported its fiscal year and second quarter 2019 earnings results today, which were highlighted by a 7 percent increase in net sales, to more than $8.1 billion.
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