LYCOS RETRIEVER 
Constellation Brands
built 640 days ago
Headquartered in Fairport, New York, Constellation Brands is a leading international producer and marketer of beverage alcohol brands with a broad portfolio across the wine, imported beer and spirits categories. The company is the largest wine company in the world; the largest multi-category supplier of beverage alcohol in the United States; a leading producer and exporter of wine from Australia and New Zealand; and a major producer and independent drinks wholesaler in the United Kingdom. With over 200 beverage alcohol brands, Constellation Brands has an unmatched breadth, offering consumers their beverage of choice, no matter what the occasion. The company operates over 43 production facilities, has close to 7,500 employees and sells its products in more than 60 countries in North America, South America, Europe and Asia, as well as in Australia and New Zealand.
Source:
The relationship between Constellation Brands and BRL Hardy crystallized in early 2003. In April, Richard Sands acquired BRL Hardy in a cash-and-stock transaction valued at $1.1 billion. The purchase made Constellation Brands the largest vintner in the world, enabling the company to overtake E.&J. Gallo. The company's wines sales increased from $1.2 billion to $1.7 billion overnight, while its total revenues swelled to more than $3 billion. Sands, who quickly developed a reputation for being a skilled negotiator, took the company to new heights with the BRL Hardy acquisition, but his appetite for acquisitions was not satisfied after completing the largest deal in the company's history.
Source:
Euromonitor International's company profile, Constellation Brands Inc offers detailed strategic analysis of the company's business, examining its performance in the spirits market. The report examines company shares by region and sector, brand portfolio and new product developments, market and distribution strategies, challenges from the competition and future prospects. Use it to understand opportunities and threats facing the business and the factors driving success .
Source:
A Constellation Brands conference call to discuss this transaction is scheduled for Nov. 12, 2007, at 10:00 a.m. eastern. Participants in the call will include President and Chief Executive Officer Rob Sands and Executive Vice President and Chief Financial Officer Bob Ryder. The conference call can be accessed by dialing +973-935-8505 beginning 10 minutes prior to the start of the call. A live, listen-only web cast of the conference call will be available on Constellation's Internet Web site: www.cbrands.com, under "Investors," together with a copy of this news release. For anyone unable to participate in the conference call, a replay will be available on the company's Web site until Nov. 21, 2007.
Source:
[W]hile a couple of markets torpedo Constellation, firms like Diageo benefit from global scale, distribution savvy, and marketing clout to ride out individual market volatility. Additionally, in the spirits business, rivals control more premium brands, which carry higher margins. Over the last 12 months, Diageo and Brown-Forman posted 22.4% and 18.5% net margins, respectively, compared to 6.4% at Constellation.
Source:
Moynihan joined Constellation Brands in 1996, and held a variety of production and operations positions. He has a Bachelor of Science degree in engineering from Alfred University in Alfred, N.Y., in addition to a Master of
Source:
MORE ABOUT
Constellation Brands