Dive Brief:

• Constellation Brands said it will increase production in Mexico amid rising demand for imported beers in the United States. 
• As part of the expansion effort, the Chicago-based company will acquire a glass-production plant in Nava, Mexico, from AB-InBev for $300 million. 
• The news comes as the company, which sells Corona and Modelo beer in the U.S., as well as Svedka vodka and Robert Mondavi wine, reported lower-than-expected profit and sales.

Dive Insight:

Constellation Brands' purchase of the rights to Corona and Modelo may go down in history as one of the best deals ever made. Americans' taste for imported beers, combined with a growing population of Latinos in the States, is providing substantial growth opportunities. In fact, things look so good that Constellation Brands is making money even in quarters when things go badly.