Canandaigua Brands
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| Public | |
| Traded as | : STZ S&P 500 Component |
| Industry | Beverages |
| Predecessor | Canandaigua Brands Inc |
| Founded | 1945 |
| Founder | Marvin L. Sands |
| Headquarters | Victor, New York, United States |
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Number of locations
|
United States, Mexico, New Zealand, Italy, Canada |
|
Key people
|
Richard Sands (Chairman) Robert Sands (President and CEO) |
| Products | Wine, beer, and spirits |
| Revenue |
 US$7.33 billion (2017)
|
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US$2.40 billion (2017)
|
|
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US$1.54 billion (2017)
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| Total assets |
US$18.60 billion (2017)
|
| Total equity |
US$6.88 billion (2017)
|
|
Number of employees
|
9,000 (2017)
|
| Divisions | Beer Division, Wine & Spirits Division |
| Website | www |
Constellation Brands, Inc., a Fortune 500 company, is an international producer and marketer of beer, wine and spirits. Constellation is the largest beer import company measured by sales, and has the third-largest market share (7.4 percent) of all major beer suppliers.
Based in Victor, New York, Constellation has about 40 facilities and approximately 9,000 employees. The company has more than 100 brands in its portfolio. Wine brands include Robert Mondavi, Wild Horse Winery, Clos du Bois, Franciscan Estates, Kim Crawford, Meiomi, Mark West, Ruffino, and The Prisoner. Constellation's beer portfolio includes imported brands such as Corona, Modelo Especial, Negra Modelo, Pacífico, as well as Ballast Point and Funky Buddha. Spirits brands include Black Velvet Canadian Whisky, Svedka Vodka, Casa Noble Tequila and High West Whiskey.
The company was established in 1945 by Marvin Sands in the Finger Lakes region of New York as Canandaigua Industries, selling bulk wine to bottlers in the eastern United States. In its first year, the company sold approximately 200,000 gallons of wine and had gross sales of $150,000.
The company was incorporated as Canandaigua Wine Company, Inc. in 1972 and went public in 1973. Marvin's son Richard Sands became president in 1993 and CEO in 1996. In 1999, company founder Marvin Sands died following a brief illness.
In 2000, the company changed its name to Constellation Brands, Inc. to reflect the scope of the company and its range of brands. In 2007, Rob Sands was named president and CEO.
In 2013, Constellation acquired Grupo Modelo's U.S. beer business from Anheuser-Busch InBev. The transaction included full ownership of Crown Imports LLC which provided Constellation with complete, independent control of all aspects of the U.S. commercial business; a brewery in Nava, Mexico; exclusive perpetual brand license in the U.S. to import, market and sell Corona and the Modelo brands and the freedom to develop brand extensions and innovations for the U.S. market.
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Wikipedia