Constellation Brands has agreed to acquire The Prisoner Wine Company’s portfolio of brands, which includes five fine wine brands, a super luxury wine, as well as Saldo, Cuttings, Blindfold and Thorn, from Huneeus Vinters.
The brands from The Prisoner Wine Company have seen strong growth over the last three years, anchored by popular Napa Valley Red Wine blend, The Prisoner.
Bill Newlands, president of the Wine and Spirits Division of Constellation Brands, commented, "More than ever, consumers are seeking high quality, distinctive wines and the portfolio we are acquiring from The Prisoner Wine Company delivers."
He added, "These wines resonate with consumers and this acquisition further strengthens our position in the fine wine segment of the category."
The news comes as Constellation Brands publishes its 2016 financial results, which show that the company achieved consolidated net sales growth of 9 per cent during the last fiscal year.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Jenny Whelan. To subscribe to ESM: The European Supermarket Magazine, click here.
