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Breaking: Constellation to Acquire A-B Nava Glass Plant for $300 Million, Starts

Dear Client:Ahead of today's earnings, Constellation Beer announced a multi-faceted approach to glass sourcing, including a $300 million deal to acquire A-B's glass production plant next to the brewery in Nava. When fully operational with four furnaces, this facility is expected to supply more than 50% of the glass needs for Constellation's U.S. beer business. The deal includes a high-density warehouse, along with land and rail infrastructure. Constellation currently plans to make capital investments of approximately $175 - $225 million

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