Constellation/ Gallo Deal Receives Clearance from the FTC

Dear Client:  Nearly two years and a few revisions later, the Federal Trade Commission has accepted the proposed consent order for Constellation to divest a portfolio of wine and spirits brands under $11 as well related facilities in California, New York and Washington state to E&J Gallo. You'll recall, the latest version of the deal excludes Constellation's Mission Bell facility and concentrate business and Constellation will retain the Cook's and J. Roget sparkling wine brands. Those assets were excluded to address