Wine Spectator: More On Constellation’s Washington Wine PurchaseOctober 18, 2016
Yesterday, Constellation added to its burgeoning collection of premium wine brands, with an agreement to purchase five Washington brands from Charles Smith Wines for $120 million. The sale is expected to close later this month. With this deal, Constellation says it will become the second-largest supplier of Washington state wines.
The acquisition includes five wines that Charles Smith calls “the five core brands” of his company—Kung Fu Girl Riesling, Eve Chardonnay, Boom Boom Syrah, Velvet Devil Merlot and Chateau Smith Cabernet Sauvignon. Altogether, the brands add up to nearly 500,000 cases per year, selling mostly at $12 to $15 a bottle. Wine Spectator has more on the implications of the deal for both Constellation and Smith.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.