Alert: Constellation Buys Prisoner Wine Company Brands for $285m

Constellation Brands announced it will be acquiring the Prisoner Wine Company brands from Huneeus Vintners for $285 million. This purchase "further strengthens" Constellation's presence in the high end wine category, per a release. The sale includes The Prisoner, Saldo, Cuttings, Blindfold and Thorn brands. "More than ever, consumers are seeking high quality, distinctive wines and the portfolio we are acquiring from The Prisoner Wine Company delivers," said Bill Newlands, president of the wine and spirits division of Constellation Brands, adding,