Constellation Brands sells 30 low-end wine and spirits brands

In step with the growth in popularity of higher-quality wines amongst American consumers, the New York-based giant Constellation Brands, owner of historic brands such as Ruffino (based in Italy’s Chianti region), Robert Mondavi, The Prisoner Wine Company and Meiomi in the United States, has sold all the brands in its portfolio priced below $11 per bottle to the family-owned company E.&J. Gallo Winery, one of the leading players in the US wine industry.

Image credits: Constellation Brands

The $1.7 billion deal covers more than thirty brands, including several premium labels such as Black Box and Clos du Bois, as well as production facilities in California, New York and Washington.

In turn, it has enabled Gallo to acquire a collection of brands that complement its operational model and business strategy to provide quality products to consumers at every price point.