Constellation acquires Schrader wines

Constellation Brands has enhanced its fine wine portfolio with the purchase of Schrader Cellars’ wines. With this acquisition, the world’s second-largest wine company has confirmed its the move into the premium wine world. The Schrader Cabernet Sauvignon portfolio,  sourced  from  the  premier vineyards of the Napa Valley—which includes  the  famed  Beckstoffer  To Kalon  Vineyard  in  Oakville—is  the highest-rated    American    Cabernet Sauvignon portfolio. In the agreement, the   acquisition   includes   vineyard sourcing, current inventories, and eight Schrader Cabernet Sauvignons.

Even  though  Constellation Brands did not disclose the terms of the transaction, according to Wine Spectator the total purchase price is about USD 60 million.