Ontario Teachers' Pension Plan acquired Constellation Brands Canada, the Canadian operation of Constellation Brands, for approximately $1.03 billion (CDN). The transaction is expected to close before the end of the calendar year.
Constellation Brands is a publicly traded, international producer and marketer of beer, wine and spirits with operations in the U.S., Canada, Mexico, New Zealand and Italy. The Canadian wine business of Constellation Brands is the market leader in Canada with approximately three times the market share of its closest competitor and 7 of the top 20 wine brands in the Canadian market.
Constellation Brands Canada is headquartered in Mississauga and operates three commercial wineries, five estate wineries, and 163 Wine Rack stores throughout Ontario. Its diverse portfolio of domestic and international wines includes such well-known names as Inniskillin, Jackson-Triggs, Kim Crawford, Robert Mondavi, Ruffino, Sawmill Creek and Wallaroo Trail.