The Wine Group (TWG), which is one of the world’s largest producers of award-winning wines, announced that it agreed with Constellation Brands to buy several wine brands: Cook’s, J. Rogét, Meiomi, Robert Mondavi Private Selection, SIMI, and Woodbridge.
The agreement also includes TWG’s acquisition of 3 facilities and about 6,600 owned and leased vineyard acres throughout California. These facilities include production sites in Lodi, CA, and Monterey County, CA, as well as the SIMI winery in Healdsburg, CA. The transaction is subject to customary regulatory review.
Along with building on TWG’s ongoing focus on growing and diversifying its portfolio, the deal will bring the company several popular, premium, and ultra-premium brands, additional on-premise volume, an expanded retail presence, new in-house operational capabilities, etc.
Rabobank and Rabo Securities worked as lead banks, financial, and strategic advisors. Rabobank, BMO, and American AgCredit are providing the financing.
KEY QUOTES:
“We’re thrilled to enter into an agreement with Constellation to acquire these highly regarded brands and assets. As one of the world’s largest wine producers, The Wine Group is proud of our more than 40-year legacy of providing some of the world’s most beloved wine brands with exceptional operational excellence. The addition of these assets will build on our commitment to being a consumer-led company, delivering a diversified portfolio that offers consumers exceptional taste, quality, and value – for any occasion.”
- John Sutton, CEO, The Wine Group
