E. & J. Gallo Winery announced April 3 that it has entered into an agreement with Constellation Brands Inc. to purchase more than 30 wine and spirits brands, along with six winemaking facilities located in California, Washington and New York.
According to a news release, among the brands joining the Gallo portfolio are Clos du Bois, Black Box, Estancia, Mark West, Wild Horse, Franciscan and Ravenswood. Production facilities included in the acquisition are Mission Bell, Turner Road Vintners, Clos du Bois and Wild Horse in California, Hogue Cellars in Washington and Canandaigua in New York. The transaction is subject to regulatory approval.
Founded in 1933 by brothers Ernest and Julio Gallo, in Modesto, California, Gallo is the world’s largest family-owned winery and employs more than 6,500 workers worldwide.
“We are committed to remaining a family-owned company focused on growing the wine industry,” Joseph E. Gallo, Gallo CEO, said in the news release. “While we continue to invest in our premium and luxury businesses, we see a tremendous opportunity with this acquisition to bring new consumers into the wine category. We will continue to provide our customers and consumers with quality products at every price point.”
—by Jonelle Mejica