Tag Archive: Constellation Brands

The team behind a new whisk(e)y-themed exchange-traded fund (ETF) rang the closing bell at the New York Stock Exchange earlier this week, but so far there’s been little to celebrate. Continue reading →

EDITOR’S NOTE: With its Mexican portfolio thriving, last year Constellation Brands’ beer division jumped into the craft segment with the $1 billion acquisition of Ballast Point, the San Diego-based craft brewer. Since that deal closed, long-time Constellation executive Marty Birkel has been named president of Ballast Point, while the craft brewer’s founder Jack White and former top executives Yuseff Cherney, Jim Buechler and Earl Kight have all departed. (They’re now involved in a new venture, Cutwater Spirits, which owns former Ballast Point spirits brands Three Sheets Rum, Devil’s Share Whiskey, Fugu Vodka and others.) In this second part of SND contributing editor Terri Allan’s interview, Constellation Beer president Paul Hetterich explores how the Ballast Point deal has impacted Constellation—and whether new moves in the craft segment lie ahead. Continue reading →

Paul Hetterich, a 30-year veteran with Constellation Brands, was named president of the company’s beer division earlier this year. The Chicago-based unit—which imports Corona Extra, Modelo Especial and Negra Modelo from Mexico—is the third-largest beer marketer in the U.S. The division continues to drive strong earnings for the parent company, posting a 20% increase in net sales in the second quarter of fiscal 2017. SND contributing editor Terri Allan met recently with Hetterich to discuss the beer division’s remarkable growth trends. Continue reading →