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Vie-Del Completes Acquisition of Constellation Brands’ High-Color and Standard Grape Concentrate Business Lines Solidifying Position as Leading North American Supplier
A multi-million dollar, state-of-the-art facility expansion will support this extensive growth
Fresno, California – 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.
“The Canandaigua Concentrate acquisition enhances our already expansive lines of grape juice concentrates and takes Vie-Del into the High-Color Concentrate business with immense opportunity for growth,” said Dianne S. Nury, President of Vie-Del. “Our team of specialists will continue to serve our industry partners, existing and new, with quality products to fuel their growth and the same personalized business approach our family-owned company has delivered for the past 70 years.”
Read more at source: wineindustryadvisor
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