Constellation Brands has enhanced its fine wine portfolio with the purchase of Schrader Cellars’ wines.
This acquisition is proof of the move by the world’s second-largest wine company into the premium wine world.
The Schrader Cabernet Sauvignon portfolio, sourced from the premier vineyards of the Napa Valley, including the famed Beckstoffer To Kalon Vineyard in Oakville, is the highest-rated American Cabernet Sauvignon portfolio, with a total of nineteen 100-point ratings from Wine Advocate, Wine Spectator and jamessuckling.com.
The agreement includes vineyard sourcing, current inventories, and eight Schrader Cabernet Sauvignons: Schrader Cabernet Sauvignon, Schrader CSS, Colesworthy, GIII, LPV, Old Sparky, RBS and T6.
“The journey for Schrader Cellars and Constellation Brands is just beginning,” said Schrader’s winemaker, Thomas Brown.
The decision to collaborate with Constellation for the future of Schrader’s fine wines was facilitated by Carol Schrader and Constellation Brands Chief Operating Officer, Bill Newlands, who have worked together in past wine endeavors.
Constellation Brands said in a press release that the terms of the transaction were not disclosed, but the Wine Spectator announced a total purchase price of $60 million.