Constellation Brands facts for kids
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Constellation Brands' headquarters, a 120,000 square feet (11,000 m2) building on 11 acres (4.5 ha) located in Victor, New York
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| Public | |
| Traded as |
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| Industry | Beverages |
| Predecessor | Canandaigua Brands Inc |
| Founded | 1945 |
| Founder | Marvin Sands |
| Headquarters |
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U.S.
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Number of locations
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United States, Mexico, New Zealand, Italy, Canada |
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Key people
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Rob Sands (Chairman) Richard Sands (Vice Chairman) Bill Newlands (CEO) |
| Products | Wine, beer, and spirits |
| Revenue |  US$9.355 billion (2021) |
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Operating income
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US$2.791 billion (2021) |
| US$2.031 billion (2021) |
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| Total assets |  US$27.104 billion (2021) |
| Total equity | US$13.921 billion (2021) |
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Number of employees
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9,300 (2021) |
| Divisions |
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Constellation Brands is a big American company. It makes and sells popular drinks like beer, wine, and spirits. It's one of the largest companies in the United States. In fact, it's the biggest company that brings imported beer into the country!
Based in Victor, New York, Constellation Brands has about 40 locations. Around 9,000 people work for the company.
The company owns more than 100 different brands. Some of its well-known wine brands include Robert Mondavi, Kim Crawford, and Meiomi. For beer, Constellation Brands sells imported favorites like Corona, Modelo Especial, and Pacífico in the US. Its spirits brands include Svedka Vodka and Casa Noble Tequila.
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Where Does Constellation Brands Make Beer?
Constellation Brands has two breweries in Mexico. These breweries make Corona and Modelo beer. This beer is then sold in the United States.
The breweries are located in Nava, Coahuila, and Ciudad Obregón, Sonora. The company is also building a third brewery in Veracruz, Mexico.
The Story of Constellation Brands
How It All Started
The company began in 1945. It was started by a person named Marvin Sands. The first name of the company was Canandaigua Industries. It was located in the Finger Lakes region of New York.
At first, the company mostly sold wine in large amounts to other companies. These companies would then bottle the wine. In its first year, the company sold about 200,000 gallons of wine. It made $150,000 in sales.
In 1972, the company became known as Canandaigua Wine Company, Inc. A year later, in 1973, it became a public company. This means its shares could be bought and sold by anyone.
Marvin Sands' son, Richard Sands, became the company president in 1993. He then became the CEO in 1996. Marvin Sands passed away in 1999.
Growing Bigger
In 2000, the company changed its name to Constellation Brands, Inc. This new name showed that the company had grown. It now had many different types of brands.
In 2007, Rob Sands became the president and CEO. During the 2000s, Constellation Brands bought many other companies. For example, in 2004, it bought Robert Mondavi Corp. for $1 billion. In 2006, it bought Vincor International, which was Canada's largest wine company.
In 2013, Constellation Brands made a very important purchase. It bought the US beer business of Grupo Modelo. This deal gave Constellation Brands the rights to sell popular beers like Corona and Modelo in the United States. Before this, Constellation Brands had only imported these beers. Now, it could make its own versions for the US market.
The company also bought breweries and even a glass production plant in Mexico. This helped them make their own beer bottles.
Constellation Brands continued to grow. In 2015, it bought Ballast Point Brewing. In 2016, it bought High West Distillery, which makes whiskey. In 2017, it bought Funky Buddha Brewery.
Over the years, Constellation Brands has also sold some of its brands. This helps the company focus on its most important products. For example, in 2021, it sold 30 wine brands to another company. In 2023, Funky Buddha was sold back to its original founders.
