MODESTO, Calif., April 3, 2019 (PRNewswire) — E. & J. Gallo Winery (Gallo) announced Wednesday that it has entered into an agreement with Constellation Brands, Inc. to purchase more than 30 wine and spirits brands, along with six winemaking facilities located in California, Washington, and New York.
According to Joseph E. Gallo, chief executive officer of Gallo, "We are committed to remaining a family-owned company focused on growing the wine industry. While we continue to invest in our premium and luxury businesses, we see a tremendous opportunity with this acquisition to bring new consumers into the wine category." He added, "We will continue to provide our customers and consumers with quality products at every price point."
More than 30 brands will join the Gallo portfolio, including Clos du Bois, Black Box, Estancia, Mark West, Wild Horse, Franciscan, and Ravenswood.
Also, as part of the agreement, Gallo will acquire several production facilities across the US. The included wineries are Mission Bell, Turner Road Vintners, Clos du Bois and Wild Horse in California, Hogue Cellars in Washington, and Canandaigua in New York.
Through acquisitions, strategic partnerships, and new brand innovations, Gallo has continued to expand and diversify its portfolio across all price points to meet growing consumer demand and evolving preferences.
The transaction is subject to regulatory approval.