Sazerac and E&J Gallo to acquire Paul Masson Grande Amber Brandy and Nobilo Wine from Constellation Brands for $385m.

Sazerac, a privately held American alcoholic beverage company, and E&J Gallo, a winery and distributor, agreed to acquire Paul Masson Grande Amber Brandy, a brandy brand, and Nobilo Wine, a wine brand, from Constellation Brands, an American producer and marketer of beer, wine and spirits, for $385m. Sazerac will acquire Paul Masson Grande Amber Brandy for $255m, and E&J Gallo will acquire Nobilo Wine for $130m. “These agreements represent another step forward in our efforts to transform our wine and spirits business. Thanks to the continued hard work of our Constellation team members, together with our distributor and retailer partners, our strategy continues to gain momentum. We look forward to closing these transactions in the coming months,” Bill Newlands, Constellation Brands President and CEO.