Constellation brands completes series of transactions to premiumize portfolio with sale of paul masson grande amber brandy to sazerac

Victor, n.y., jan. 12, 2021 (globe newswire) -- constellation brands, inc. (nyse: stz and stz.b), a leading beverage alcohol company, announced today that it has closed its sale of the paul masson grande amber brandy brand, related inventory, and interests in certain contracts to sazerac for approximately $265 million, subject to certain post-closing adjustments.
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