Gallo Winery announced Tuesday it completed an acquisition of low-price wine brands from Constellation Brands Inc. However, regulators balked and forced the two alcohol beverage giants to shrink the deal to preserve competition in the U. As part of its purchase, Gallo picks up the Clos du Bois winery in Geyserville and the brand. Ravenswood and Mark West wines, which began in Sonoma County and now are produced elsewhere, also are included.
Gallo, chief executive of the Modesto-based, family controlled Gallo business, said in a statement. To gain approval from the Federal Trade Commission to clear the way to close the deal, Constellation a year ago agreed to a major concession. They would have given Gallo a large slice of the sparkling wine market. The companies also made other more minor concessions to finally get FTC final approval last month. Under final terms, Gallo bought five wineries from Constellation and more than 30 U.
Gallo also gets the Nobilo New Zealand sauvignon blanc wine brand in an separate transaction with Constellation. A former executive at Constellation Brands, Moramarco said the blockbuster wine deal fits the objectives of both companies. Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed. Sign in. Forgot your password? Get help. Privacy Policy. Create an account. Password recovery.
Wine Industry Advisor. Afternoon Brief, July 21st. Randall Grahm and E. Please enter your comment! Please enter your name here. You have entered an incorrect email address! The Wine Industry Advisor is an Online Industry Publication featuring news, articles, and editorial content relevant to the wine industry. Our skilled winemakers spend a great deal of time in the vineyard monitoring grape development and determining the best time to harvest the grapes, ensuring they are at their peak for color, taste and quality.
Our winemakers strive to ensure that each of our more than 90 wine brands will enrich any occasion. Gallo Winery, our goal is to deliver superior quality at a great value while providing a positive experience to consumers each and every time they share and enjoy our wines. Our marketing teams collaborate with winemakers and our experts on consumer preferences, as well as other areas of expertise to deliver strong brands to the market, while our sales professionals strive to bring a better wine buying experience to the consumer.
From measuring consumer attitudes to conducting water conservation experiments in the vineyard, our thirst for information and innovation never ends. Ernest and Julio Gallo were committed to constantly improving their products. Today we continue that tradition by asking questions and applying learnings in order to improve the evolution of wine from grape to bottle and meet the ever-changing needs of our customers around the world.
Our Mission Gallo is a family company that will remain the global wine industry leader and continue to win new friends for wine. Our Purpose We serve enjoyment in moments that matter. Our History — September 22 — Brothers Ernest and Julio Gallo founded a winery in Modesto, California, producing , gallons of wine in the first year.
Our History — Recognized as the largest winery in the United States based on sales volume. Carlo Rossi brand launched. Our History — Opened first International office in London. Passion for Quality From our humble beginnings, the hallmark of our company has been an unwavering commitment to quality.
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