AdobeStock_122592736.jpeg

NEWS

Vie-Del Company Completes Acquisition of Constellation Brands’ High-Color and Standard Grape Concentrate Business Lines Solidifying Position as Leading North American Supplier

12/30/2020

Vie-Del Company (Vie-Del), the oldest family-owned grape processor and supplier of bulk juices, concentrates, brandy, wine and spirits in California, announced today the completion on December 29, 2020 of the acquisition of the Canandaigua Concentrate High-Color Concentrate (HCC) and standard grape concentrate business lines from Constellation Brands U.S. Operations, Inc. (CBUSO), a wholly-owned subsidiary of Constellation Brands, Inc. (Constellation). The transaction was approved by the Federal Trade Commission on December 23, 2020. Terms of the deal were not disclosed.

 

The acquisition is comprised of the Canandaigua Concentrate MegaNatural HCC, Mega Purple and Mega Red, and standard grape concentrates, which will be incorporated under the Vie-Del Company brand. Additionally, the acquisition included certain intellectual property, inventory, goodwill, interests in certain contracts and other assets.

See 
complete press release for more information.

Vie-Del Company to Acquire Concentrate & High-Color Concentrate Business Lines from Constellation Brands 

07/01/2020

Vie-Del Company (Vie-Del), the oldest family-owned grape processor and supplier of bulk juices, concentrate, brandy, wine and spirits in California, headquartered in Fresno, announced today that a definitive agreement was signed June 24, 2020 with Constellation Brands U.S. Operations, Inc. (“CBUSO”), a wholly-owned subsidiary of Constellation Brands, Inc. (“Constellation”), to acquire CBUSO’s grape concentrate and high-color concentrate business. The transaction is subject to customary closing conditions and requires Federal Trade Commission (FTC) review and clearance. Terms of the deal were not disclosed.

The agreement includes CBUSO’s Mega Purple, Mega Red, MegaNatural, and Canandaigua Concentrate brands used in CBUSO’s concentrates and high-color concentrate business and certain intellectual property, inventory, goodwill, interests in certain contracts, assets, and liabilities. Vie-Del plans to incorporate the MegaNatural High Color Concentrate product lines under the corporate Vie-Del Company brand and legacy product lines.
This acquisition strengthens Vie-Del’s capabilities and positions the company as a leader in the high-color concentrate business. Together with Vie-Del’s existing concentrate business, these new capabilities will further enhance the company’s ability to serve the needs of the marketplace.

See 
complete press release for more information.