Constellation Brands and Owens-Illinois Form Joint Venture and Complete Acquisition of Nava Glass Plant
2014年12月17日 - 6:58AM
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Constellation forms 50-50 joint
venture with Owens-Illinois to own and operate the glass
plant
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JV completes acquisition of
glass plant in Nava, Coahuila, Mexico from Anheuser-Busch
InBev
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Constellation purchases
high-density warehouse, land and rail infrastructure from
Anheuser-Busch InBev
VICTOR, N.Y., DEC. 16,
2014 - Constellation Brands, Inc. (NYSE: STZ and STZ.B), a
leading beverage alcohol company, announced today that it has
finalized the joint venture (JV) with Owens-Illinois (O-I) and has
completed the acquisition of Anheuser-Busch InBev SA/NV's (ABI)
state-of-the-art glass production plant, which is located adjacent
to Constellation's brewery in Nava, Coahuila, Mexico. Constellation
has also purchased from ABI a high-density warehouse, land and rail
infrastructure at the same site. The purchase price for all of
these assets was approximately $300 million. This investment in
glass sourcing will help ensure Constellation is well-positioned to
support the continued momentum and growth opportunities for its
beer portfolio well into the future.
The glass plant currently has one operational
glass furnace and the JV plans to scale the plant to four furnaces.
When fully operational with four furnaces, this facility is
expected to supply more than 50% of the glass needs for
Constellation's U.S. beer business. When this expansion is
completed, the number of employees working at the plant is
estimated to reach approximately 800, up from the approximately 260
employees currently working at the location today.
"The acquisition of the glass plant and the
formation of the joint venture play a significant role in our
long-term glass sourcing strategy for our beer business," said Rob
Sands, president and chief executive officer, Constellation Brands.
"This strategy gives us greater control over our glass needs in
terms of quality, flexibility, and cost-effectiveness. We look
forward to working with O-I and the employees at the glass plant to
continue to provide high-quality glass for Constellation's growing
beer business. We are also very excited to be investing in the
facility, which will likely bring new opportunities to the
employees and the Nava community."
About Constellation
Brands
Constellation Brands (NYSE: STZ and STZ.B) is a leading
international producer and marketer of beer, wine and spirits with
operations in the U.S., Canada, Mexico, New Zealand and Italy. In
2013, Constellation was one of the best performing stocks in the
S&P 500. Constellation is the number three beer company in the
U.S. with high-end, iconic imported brands including Corona Extra,
Corona Light, Modelo Especial, Negra Modelo and Pacifico.
Constellation is also the world's leader in premium wine selling
great brands that people love including Robert Mondavi, Clos du
Bois, Kim Crawford, Rex Goliath, Mark West, Franciscan Estate,
Ruffino and Jackson-Triggs. The company's premium spirits brands
include SVEDKA Vodka and Black Velvet Canadian Whisky.
Based in Victor, N.Y., the company believes that
industry leadership involves a commitment to brand-building, our
trade partners, the environment, our investors and to consumers
around the world who choose our products when celebrating big
moments or enjoying quiet ones. Founded in 1945, Constellation has
grown to become a significant player in the beverage alcohol
industry with more than 100 brands in its portfolio, sales in
approximately 100 countries, about 40 facilities and approximately
6,300 talented employees. We express our company vision: to elevate
life with every glass raised. To learn more, visit
www.cbrands.com.
Forward-Looking
Statements
This news release contains forward-looking statements. All
statements other than statements of historical fact are
forward-looking statements. The word "expect" and similar
expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain such
identifying words. These statements may relate to business
strategy, future operations, prospects, plans and objectives of
management, as well as information concerning expected actions of
third parties. All forward-looking statements involve risks
and uncertainties that could cause actual results to differ
materially from those set forth in, or implied by, such
forward-looking statements. All forward-looking statements
speak only as of the date of this news release and Constellation
Brands undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements
are based on management's current expectations and should not be
construed in any manner as a guarantee that such results will in
fact occur or will occur on the timetable contemplated
hereby.
In addition to the risks and uncertainties of
ordinary business operations, the forward-looking statements of
Constellation Brands contained in this news release are subject to
a number of risks and uncertainties, including completion of the
glass plant expansion; the accuracy of all projections, including
sales trends, glass supply sources, glass plant supply output, and
size of workforce at the glass plant location; and other factors
and uncertainties disclosed from time-to-time in Constellation
Brands, Inc.'s filings with the Securities and Exchange Commission,
including its Annual Report on Form 10-K for the fiscal year ended
February 28, 2014, which could cause future performance to differ
from current expectations.
CONTACTS
Media
Cheryl Gossin: 585-678-7191
Amy Martin: 585-678-7141
Investor Relations
Patty Yahn-Urlaub: 585-678-7483
Bob Czudak: 585-678-7170
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Constellation Brands Inc via Globenewswire
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