Constellation To Aquire Full Ownership Of Crown Imports

Published: 07/17/2012

VICTOR, N.Y. — As a result of its acquisition by Anheuser-Busch InBev, Grupo Modelo will sell its existing 50 percent stake in Crown Imports to Constellation Brands for $1.85 billion.

The transaction will give Constellation Brands 100 percent ownership and control of Crown Imports,  previously a 50-50 joint venture between Constellation and Grupo Modelo.  Crown will remain the U.S. importer and marketer for Modelo’s portfolio of brands, including Corona Extra, Corona Light, Modelo Especial, Pacifico, Negra Modelo and Victoria.