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Constellation Makes First Acquisition Under New Venture Capital Platform

Dear Client: Constellation has just announced it has acquired a minority stake in Crafthouse Cocktails, which produces ready-to-drink, spirits-based cocktails. This acquisition represents the first project for Constellation Ventures, a newly-created corporate venture capital function within Constellation Brands' Growth organization, focused on identifying smaller-scale investment opportunities related to innovative concepts and emerging categories within beverage alcohol. But Constellation Ventures investments won't be limited to spirits. EVP and chief growth officer Bill Newlands, who will head the new division, told sister

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