Alert, Constellation Announces Spate of M&A Deals

Along with the expected sale of its Canadian Wine business, Constellation has announced the acquisition of the Charles Smith Wines collection for $120 million, and as part of the company's venture activity, it has taken a minority stake in Bardstown Bourbon Company.CHARLES SMITH ACQUISITION. The Charles Smith acquisition includes Kung Fu Girl Riesling, Velvet Devil Merlot, Boom Boom! Syrah, Eve Chardonnay and Chateau Smith Cabernet Sauvignon. The company believes the acquisition will "solidify its position as the second leading supplier