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Announced

Vie-Del Company to acquire the Grape Concentrate business of Constellation Brands.

Synopsis

Vie-Del Company, the oldest family-owned grape processor and supplier of bulk juices, concentrate, brandy, wine and spirits in California, agreed to acquire the Grape Concentrate business of Constellation Brands, an American producer and marketer of beer, wine and spirits. Financial terms were not disclosed. "This acquisition provides a seamless complement to our existing lines of grape juice concentrates, allowing our operation to further build upon the success we’ve created for more than 70 years. We look forward to continuing to serve the needs and help fuel growth for our industry partners with the same personalized business approach our family-owned company has become known for," Dianne Nury, Vie-Del Company President.

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