Table of Contents
MODESTO, Calif. — E. & J. Gallo Winery (Gallo) announced Thursday that it has agreed to modify its agreement with Constellation Brands announced on April 3, 2019, for the purchase of a portfolio of wine brands, along with six winemaking facilities located in California, Washington, and New York.
According to Joseph Gallo, chief executive officer of Gallo, “Both the Gallo and Constellation teams are committed to completing the transaction. We see a tremendous opportunity with this acquisition to bring new consumers into the wine category and look forward to integrating these brands into our portfolio and welcoming the new employees to our family winery.”
While Gallo continues to invest in its premium and luxury businesses, this purchase represents the company’s continued commitment to the wine industry and expanding its portfolio of offerings at every price point. Gallo plans to devote its efforts to revitalizing these brands, while continuing to make the highest quality wines for consumers to enjoy.
The modified transaction is subject to regulatory clearance and other customary and routine closing conditions. Gallo and Constellation currently expect to complete the transaction prior to March 1, 2020.
