Dive Summary:
- Constellation Brands completed its $4.75 billion acquisition of Grupo Modelo's US beer business from Anheuser-Busch InBev.
- Constellation's full ownership of Crown Imports LLC will give it complete control of a state-of-the-art brewery in Nava, Mexico, freedom to develop brand extensions for the U.S. market and exclusive brand license in the U.S. to import, market and sell Corona and other Modelo Brands.
- Constellation will now operate as a single company with two divisions--one for beer, and one for wine and spirits.
From the article:
... "Today begins a new chapter in Constellation's history," said Rob Sands, president and CEO, Constellation Brands. "We are now the proud owners of six of the top 20 imported beer brands in the US and a coveted portfolio of premium brands in the growing US imported beer category." ...