30 WINES&VINES December 2016
THE BEST OF 2O16
BIGGEST DEAL
www.scottlab.com • info@scottlab.com
High-tech meets
handcrafted.
High-tech meets
handcrafted.
SIGMA press with patented pressing principle and
FLEXIDRAIN® technology for vertical juice extraction.
Inquire about early order discounts!
YOUR GATEWAY TO TEXAS
Texas Wine and Grape Growers Association
2017 Annual Conference and Trade Show
www.txwines.org/annual-conference
February 16–18, 2017
Embassy Suites Hotel & Conference Center
1001 E. McCarty Lane, San Marcos, TX
• 3 Days and Over 42 hours of Educational Sessions
• 118 Trade Show Booths
• 13 Exhibit Hall Hours
• Networking with Texas wineries and growers
• Texas size wine tastings
Contact office@twgga.org or 817-421-3201
CONSTELLATION TRADES
CANADIAN HOLDINGS
FOR GROWING BRANDS
T
he wine industry's biggest companies decided
they needed to move up the price-point ladder in
2016, and as a result, the past year saw some
major deals.
The largest came in October, when Constellation
Brands Inc. sold its Canadian wine business for $760
million ($1 billion Canadian) to the Ontario Teacher' Pen-
sion Plan. The deal included the flagship brand Inniskil-
lin, which is famous for its ice wine. Concurrent with that
deal, San Francisco, Calif.-based Constellation
announced it would be buying several brands developed
by Washington state vintner Charles Smith for $120 mil-
lion. The brands included Kung Fu Girl Riesling, Eve
Chardonnay, Boom Boom Syrah and others.
Constellation had initially floated the idea of an IPO
for its Canadian division, which prompted a few large
