Constellation Brands, Inc. (NYSE:STZ) acquired Lingua Franca, LLC from Larry Stone In March 2022. The purchase price included an earn-out based on the performance of the brands. The deal includes the brand, winery, vineyards and inventory. Transactions was almost entirely self-funded through the sale of one of buyers successful venture investments. With the deal, Lingua Franca will become part of Constellation's Aspira Fine Wines & Craft Spirits portfolio. Lingua Franca's winemaking team, led by Thomas Savre and French consultant Dominique Lafon, will remain on board, while Stone will serve as brand ambassador. Zepponi and Co. represented Lingua Franca in the transaction.
Constellation Brands, Inc. (NYSE:STZ) completed the acquisition of Lingua Franca, LLC from Larry Stone In March 2022.
Constellation Brands, Inc. is one of the leading American producers of wines, spirits and beers. Net sales break down by family of products as follows:
- beer (83.7%): Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico and Victoria brands;
- wines and spirits (16.3%): wines (Robert Mondavi, Simi, Mark Xest, Kim Crawford, Estancia, Clos du Bois, Black Box brands, etc.) and spirits (Casa Noble and High West brands).
The United States account for 98.1% of net sales.
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