Why Constellation Won’t be Making Any Big Acquisitions in the Near Future

Dear Client:Constellation Brands has been pretty busy on the M&A front in recent years, from its investment in Canopy Growth to fully acquiring Nelson's Green Brier Distillery. But chief Bill Newlands tells WSD that we shouldn't expect to see any big acquisitions from the company, at least in the short-term. "[W]e're going to focus our attention on getting our debt leverage ratio back into where we'd like it to be in that 3-4% range," says Bill. As such, they won't be