The Lowdown on Austin Cocktails and its Sale to Constellation

Dear Client:   During Constellation Brands' earnings call earlier this month, the company announced it has fully acquired Texas-based ready-to-drink company Austin Cocktails [see WSD 04-07-2022].  Austin Cocktails was founded in 2012 by sisters Jill Burns and Kelly Gasink. "When we hit shelves in 2014, our goal was to bring a more premium offering to the space," Kelly explains. "We created our cocktails with premium spirits and meticulously sourced ingredients and sweetened our drinks with just a hint of organic