It's A Very M&A Monday For Constellation Brands

First, the company reached an agreement to sell its Canadian wine business to the Ontario Teachers' Pension Plan. The Canadian wine branch includes well known wine brands such as Jackson-Triggs and Inniskillin. The deal also includes wineries, vineyards, offices, facilities and retail stores for a total consideration of C$1.03 billion ($780 million).

Constellation Brands noted that it "seized the opportunity" to sell its Canadian wine business so it can better focus on premium, high margin and high growth brands.

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Separately, Constellation Brands announced it has reached an agreement to acquire the Charles Smith Wines collection, which consists of super and ultra-premium wines for around $120 million.

The acquisition solidifies Constellation Brands' position as the second leading supplier of Washington State wines and also adds a brand that has shown double-digit volume growth over the past three years.

The company also confirmed it has completed a previously announced acquisition of the High West Distillery, which includes all of High West's operations and brand portfolio of high-end American straight whiskeys.

Finally, Constellation Brands also announced it has acquired a minority stake in Bardstown Bourbon Company, the largest whiskey distillery in the United States.

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