Constellation Brands has enhanced its fine wine portfolio with the purchase of Schrader Cellars’ wines. With this acquisition, the world’s second-largest wine company has confirmed its the move into the premium wine world. The Schrader Cabernet Sauvignon portfolio, sourced from the premier vineyards of the Napa Valley—which includes the famed Beckstoffer To Kalon Vineyard in Oakville—is the highest-rated American Cabernet Sauvignon portfolio. In the agreement, the acquisition includes vineyard sourcing, current inventories, and eight Schrader Cabernet Sauvignons.
Even though Constellation Brands did not disclose the terms of the transaction, according to Wine Spectator the total purchase price is about USD 60 million.