Constellation Brands Announces Distribution Agreement With Young's Market Company
12 Octubre 2009 - 8:00AM
PR Newswire (US)
~ Signs multi-year agreement with Young's Market Company in Alaska,
Washington, and Oregon ~ VICTOR, N.Y., Oct. 12
/PRNewswire-FirstCall/ -- Constellation Brands, Inc.
(NYSE:STZNYSE:ASX:NYSE:CBR), the world's leading wine company,
announced today the signing of a multi-year distribution agreement
with Young's Market Company and its affiliated companies
("Young's") as Constellation's exclusive distributor in Alaska,
Washington, and Oregon. Young's, a recognized market leader in the
Pacific Northwest, has a longstanding business relationship with
Constellation. Constellation is currently Young's largest supplier
in volume in the Pacific Northwest representing more than an
estimated one million cases annually. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040119/STZLOGO ) This
agreement is part of Constellation's ongoing realignment of its
distributor network which was announced on July 23. The Young's
distribution agreement brings the total number of states benefiting
from this new go-to-market strategy to 22, with 8 potential markets
remaining. The decision to consolidate the majority of
Constellation's U.S. wine and spirits business to one distributor
per market was made with the goal of improving organic growth,
creating distributor teams focused exclusively on Constellation's
portfolio, and improving the coordination of marketing and
promotional programs to support the brands. Constellation's
agreement with Young's will create better alignment of goals and
priorities between the two companies improving performance and
market execution for both. "Our U.S. sales force and Young's sales
force are completely aligned in these markets, which will ensure
our products are in the right place and at the right price," said
Rob Sands, president and chief executive officer of Constellation
Brands. "Young's has been an important part of Constellation's
success. We are excited to enter this new phase of our relationship
and grow the business together." Commenting on Young's expanded
relationship with Constellation, Christopher Underwood, CEO of
Young's Market Company, said, "Young's and its affiliated companies
in the Pacific Northwest are delighted and honored to have been
selected as Constellation Wines U.S. exclusive distribution partner
in Oregon, Washington, and Alaska. We believe that the expansion of
our relationship in these markets is a reflection of the mutual
respect that Young's and Constellation have for one another and we
look forward to maintaining that relationship well into the
future." Constellation Brands' largest operating company,
Constellation Wines U.S., has a powerful portfolio of wine and
spirits including iconic leading brands such as Robert Mondavi
Winery, Clos du Bois, Blackstone, Woodbridge by Robert Mondavi,
Arbor Mist, Estancia, Ravenswood, Kim Crawford, Toasted Head, Black
Box, Black Velvet Canadian Whisky and SVEDKA Vodka. About Young's
Market Company Young's Market Company is one of the largest
distributors and brokers of wine and spirits in the U.S., with
operations in California, Hawaii, Arizona, Oregon, Washington,
Alaska, Idaho, Utah, Montana and Wyoming. About Constellation
Brands Constellation Brands is the world's leading wine company
that achieves success through an unmatched knowledge of wine
consumers paired with storied brands that suit varied lives and
tastes. With a broad portfolio of widely admired premium products
across the wine, beer and spirits categories, Constellation's brand
portfolio includes Robert Mondavi, Hardys, Clos du Bois,
Blackstone, Arbor Mist, Estancia, Ravenswood, Jackson-Triggs, Kim
Crawford, Corona Extra, Black Velvet Canadian Whisky and SVEDKA
Vodka. Constellation Brands (NYSE:STZNYSE:andNYSE:STZ.B)(ASX:CBR)
is an S&P 500 Index and Fortune 1000® company with more than
100 total brands in our portfolio, sales in about 150 countries and
operations in approximately 50 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 Brands and its product portfolio visit the company's
web site at http://www.cbrands.com/. Forward-Looking Statements
This news release contains forward-looking statements. These
statements may relate to Constellation's 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 the forward-looking statements. In addition
to risks associated with ordinary business operations, the
forward-looking statements contained in this news release are
subject to other risks and uncertainties, including: --
implementation of consolidation activities and actual U.S.
distributor transition experience; and -- other factors and
uncertainties disclosed from time to time in the company's filings
with the Securities and Exchange Commission, including its Annual
Report on Form 10-K for the fiscal year ended Feb. 28, 2009, which
could cause actual future performance to differ from current
expectations. http://www.newscom.com/cgi-bin/prnh/20040119/STZLOGO
http://photoarchive.ap.org/ DATASOURCE: Constellation Brands, Inc.
CONTACT: Angie Blackwell, +1-585-678-7141, or Cheryl Gossin,
+1-585-678-7191, or (CWUS) Nora Feeley, +1-415-912-3752; or for
Investor Relations, Patty Yahn-Urlaub, +1-585-678-7483, or Bob
Czudak, +1-585-678-7170, all of Constellation Brands, Inc. Web
Site: http://www.cbrands.com/
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