A Wider Look at the Constellation/Gallo Deal

Dear Client:  A little over a year ago, Constellation Brands announced a major sale to E&J Gallo, agreeing to sell more than 30 wine and spirits brands as well as six winemaking facilities for a cool $1.7 billion. Since then, the two have had to make a couple revisions to the agreement to address FTC concerns. Today we'll take a broader look at the deal, how it's changed, and where it stands now.  Constellation's growth is largely driven by its beer business and