November 13, 2007

Fortune sells U.S. wine business to Constellation (Pioneer Press)

Constellation Brands Inc., the world’s biggest winemaker, is buying Fortune Brands Inc.’s U.S. wine business, maker of the Clos du Bois, Wild Horse and Geyser Peak brands, for $885 million, the companies said Monday. Fortune Brands, based in Deerfield, Ill., makes consumer products ranging from Jim Beam bourbon to Moen faucets and Titleist golf equipment. The sale will allow Fortune Brands to …

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