The company that made the purchase of one of California’s most visible wine labels, Robert Mondavi, in 2004 is continuing to make in-roads in the Napa Valley wine industry.
Continuing a trend that we’ve reported on several times in the past, Constellation Brands has reportedly agreed to buy several well-known premium labels from Fortune Brands for the bargain basement price of $885 million.
According to a report published in today’s San Francisco Chronicle, the deal includes the popular Clos du Bois brand as well as “… the Geyser Peak, Wild Horse, Buena Vista Carneros and Gary Farrell labels. As part of the deal, Constellation is acquiring about 1,500 acres of vineyards in Sonoma and Napa counties.”
If things continue at the current pace, by this time next year the entire Napa Valley wine industry may be controlled by three or four major conglomerates.
Read the Chronicle story here.