2013-03-07 22:32:05 -
VICTOR, N.Y. and SAO PAULO, BRAZIL, March 7, 2013 - Constellation Brands, Inc.
(NYSE: STZ and STZ.B), the world's leading premium wine company, and Interfood
Importação Ltda., Brazil's top imported wine distributor, announced today that
their group companies have signed agreements for the importation and
distribution of a key selection of Constellation's coveted premium wines and
spirits brands into South America's largest country.
"We are pleased to represent Constellation to further develop the Brazilian
market," said Gabriel Cury, founder, Interfood Importação Ltda. "Constellation
has an award-winning portfolio of wine and spirit brands that are globally
recognized for quality, craftsmanship and taste. We also believe that changing
consumer needs and Brazil's hosting of the World Cup in 2014 and the 2016 Summer
Olympics will boost demand for wine throughout the country and
position both companies well."
Through the agreements, Interfood will import and distribute brands from
Constellation's global portfolio representing each of its key regions including
Robert Mondavi Winery, Robert Mondavi Private Selection and Woodbridge by Robert
Mondavi from California, Inniskillin Ice Wine from Canada, Kim Crawford from New
Zealand, Ruffino from Italy, and SVEDKA vodka from Sweden.
"Constellation is a global company with an unparalleled portfolio of brands,"
said Philip Kingston, senior vice president, International, Constellation
Brands. "Interfood enjoys a powerful sales and distribution network and an
intimate knowledge of the Brazilian consumer. These agreements demonstrate our
commitment to make our portfolio more readily available in growth markets such
as Brazil, where consumers desire more access to world-famous wines."
According to industry data, Brazil is a key market for the global wine industry
and is projected to continue its growth trajectory over the next five years.
About Constellation Brands
Constellation Brands is the world's leading premium wine company that achieves
success through an unmatched knowledge of wine consumers, storied brands that
suit varied lives and tastes, and more than 4,400 talented employees worldwide.
With a broad portfolio of widely admired premium products across the wine, beer
and spirits categories, Constellation's brand portfolio includes Robert Mondavi,
Clos du Bois, Kim Crawford, Inniskillin, Franciscan Estate, Mark West, Ruffino,
Simi, Estancia, Corona Extra, Black Velvet Canadian Whisky and SVEDKA Vodka.
Constellation Brands (NYSE: STZ and STZ.B) is a S&P 500 Index and Fortune 1000®
company with more than 100 brands in our portfolio, sales in about 100 countries
and operations in approximately 40 facilities. The company believes that
industry leadership involves a commitment to our brands, to the trade, to the
land, to investors and to different people around the world who turn to our
products when celebrating big moments or enjoying quiet ones. We express this
commitment through our vision: to elevate life with every glass raised. To learn
more about Constellation, visit the company's website at www.cbrands.com.
About Interfood Importação Ltda.
Interfood Imports is a national company, founded in 1985 and located in Sao
Paulo. It has two large warehouses strategically located in the states of Sao
Paulo and Espirito Santo. The company's logistics is one of the most reliable
and qualified to reach all regions of the country.
Interfood fulfills the main distribution channels, including direct sales to
final consumers by relying on digital technology web 3.0 (e-commerce).
The products distributed by Interfood are internationally renowned. They come
from the most important production centers such as Chile, Argentina, Uruguay,
United States, South Africa, Portugal, Spain, France, Italy, The Netherlands,
Great Britain, Russia and Mexico. Learn more at Interfood.com.br
This news release contains forward-looking statements. All statements other
than statements of historical fact are forward-looking statements. The word
"project" 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, including the demand for wine in the country
of Brazil. 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.
Jennifer Hodges - 415-912-3852
Cheryl Gossin - 585-957-3701
Renata Margoni--+55 (11) 30863550
Camila Orantes--+55 (11) 30863550
Patty Yahn-Urlaub: 585-678-7483
Bob Czudak: 585-678-7170
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Source: Constellation Brands Inc via Thomson Reuters ONE