Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, today announced an agreement to purchase Utah-based High West Distillery. The acquisition includes all of High West’s operations and its portfolio of distinctive, award-winning and high-end American straight whiskeys. With High West, which has experienced double-digit volume growth year over year for the past three years, Constellation Brands enters the dynamic and profitable high-end craft whiskey segment. The transaction is expected to close by the end of October.
David Perkins and his wife, Jane, founded High West Distillery in 2004 with a vision to make delicious whiskey that celebrates the history and heritage of America’sOld West. High West’s proprietary blend of old and young whiskeys has received positive reviews from both industry experts and consumers. With a taste of the Old West and labels to match, consumers experience stories of cowboys, campfires, prairies and Utah history in every bottle. High West is the first legal distillery in the state of Utah since 1870. As part of the agreement, High West’s employees will join the Constellation Brands family to ensure continuity in the distinctive styles of the whiskeys.
“High West’s whiskeys are high-end, distinctive and delicious – perfect for today’s knowledgeable consumer who enjoys artfully crafted whiskeys,” said Bill Newlands, president, wine and spirits division, Constellation Brands. “With the addition of High West, Constellation Brands bolsters its position in the dynamic and growing craft spirits category. We look forward to welcoming this creative and talented team to Constellation Brands as we work together to drive growth for High West and build our premium spirits portfolio with brands that consumers love.”
“Our award-winning whiskeys are artfully blended to create unique and complex flavors inspired by the Old West,” said John Esposito, chief executive officer, High West. “We craft innovative whiskey blends that reflect our sense of adventure and pioneering spirit. When it came to the next step for High West, we wanted to work with the right partner that will help us grow further while maintaining our culture and core values. With the strength of the Constellation Brands team, we will be able to reach more consumers and continue our track record of innovation.”
The High West portfolio sells approximately 70,000 cases annually. The portfolio includes four core High West Whiskey products: American Prairie Bourbon, DoubleRye!, Rendezvous Rye and Campfire, the only blend of Scotch, bourbon and rye whiskeys on the market. In addition, High West Distillery produces several limited edition whiskeys.
About Constellation Brands
Constellation Brands (NYSE: STZ and STZ.B) is a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Canada, Mexico, New Zealand and Italy. Constellation is a Fortune 500® company and one of the top performing stocks in theS&P 500 Consumer Staples Index. Constellation is the No. 3 beer company in the U.S. with high-end, iconic imported brands such as Corona Extra, Corona Light, Modelo Especial, ModeloNegra and Pacifico. The company’s beer portfolio also includes Ballast Point, one of the most awarded craft brewers in the U.S. In addition, Constellation is the world’s leader in premium wine, selling great brands that people love, including Robert Mondavi, Clos du Bois, Kim Crawford, Meiomi, Mark West, Franciscan Estate, Ruffino and Jackson-Triggs. The company’s premium spirits brands include SVEDKA Vodka and Casa Noble Tequila.Based in Victor, N.Y., the company believes that industry leadership involves a commitment to brand building, our trade partners, the environment, our investors and to consumers around the world who choose our products when celebrating big moments or enjoying quiet ones. Founded in 1945, Constellation has grown to become a significant player in the beverage alcohol industry with more than 100 brands in its portfolio, sales in approximately100 countries, about 40 facilities and approximately 9,000 talented employees. We express our company vision: to elevate life with every glass raised. To learn more, visitwww.cbrands.com.
About High West Distillery
Utah’s first legal distillery since 1870, High West’s passion is crafting delicious and distinctive whiskeys and helping people appreciate whiskey all in the context of our home, theAmerican West. High West offers an outstanding collection of highly rated whiskeys in finer liquor stores, bars, and restaurants in 49 states throughout the U.S. and internationally. High West must-visit locations include our High West Distillery in Wanship, Utah. A 30,000 square foot world-class distillery and visitor center featuring educational tours and HighWest’s unique country-western cuisine. For more information and where to buy High West products near you, visit highwest.com.
