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2015-08-18

Constellation Brands Inc: Constellation Brands Acquires Minority Stake in Chicago-based Crafthouse Cocktails

~Establishes Constellation Ventures as a corporate venture capital function~

VICTOR, N.Y., August 18, 2015 -
Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol
company, announced today that it has acquired a minority stake inCrafthouse
Cocktails, a producer of authentic, ready-to-drink, spirits-based cocktails.
Crafthouse Cocktails will continue to operate independently to produce,
market and sell their products. Terms of the transaction were not disclosed.

The investment is the first project for Constellation Ventures, a
newly-created corporate venture capital function within Constellation Brands'
Growth organization, focused on identifying smaller-scale investment
opportunities related to innovative concepts and emerging categories within
beverage alcohol.

"We are moving forward in a competitive and ever-changing industry by
identifying opportunities for innovation, both inside and outside the
company, as part of our total growth strategy," said Bill Newlands, executive
vice president and chief growth officer, Constellation Brands. "Constellation
Ventures connects us with entrepreneurial brands and technologies, and allows
us to support consumer-proven products early in their lifecycle. We are
excited to work with the forward-thinking team at Crafthouse as they continue
to grow their brand and create new opportunities for consumers to enjoy a
premium cocktail experience."

Established in 2013, Crafthouse Cocktails uses natural, high-quality
ingredients to offer consumers the premium experience of a craft cocktail in
a single pour from a pre-mixed cocktail. Current product offerings include a
bottled Moscow Mule (vodka cocktail), Paloma (tequila cocktail) and Southside
(gin cocktail). These fast-growing premium cocktails can be found at retail
in Illinois, Ohio, Michigan and Colorado.

Co-founder of Crafthouse Cocktails, Charles Joly, a world-renowned and
award-winning mixologist, personally oversees the quality of every batch of
cocktail to ensure it meets his high standards. "What separates Crafthouse
from other pre-mixed cocktails is our commitment to using natural, premium
ingredients to produce an authentic, high-quality cocktail experience. We use
the same ingredients one would utilize in a bar to make a true, bottled
cocktail," said Joly. "We have developed the cocktails in such a way that
every sip is just as enjoyable and flavorful as the first, even after sitting
in ice for 10 minutes. We are very excited to have this support from
Constellation Brands, a strategic organization with dynamic people and a
phenomenal portfolio."

"With our ability to see consumer trends emerge across the beer, wine and
spirits categories, we have a unique lens into what consumers are drinking
when and why. This knowledge is helping to drive our business strategy," said
Rob Sands, president and chief executive officer, Constellation Brands. "We
know there is exciting innovation happening in smaller, high-growth companies
on the leading edge of new consumer trends. We want to support these
promising entrepreneurs, like Crafthouse Cocktails, while gaining a deeper
knowledge of emerging opportunities and fueling total alcohol beverage
category growth."

###

About Constellation Brands

Constellation Brands (NYSE: STZ and STZ.B) is a leading international producer
and marketer of beer, wine and spirits with operations in the U.S., Canada,
Mexico, New Zealand and Italy. In 2014, Constellation was one of the top
performing stocks in the S&P 500 Consumer Staples Index. Constellation is the
number three beer company in the U.S. with high-end, iconic imported brands
including Corona Extra, Corona Light, Modelo Especial, Negra Modelo and
Pacifico. Constellation is also the world's leader in premium wine, selling
great brands that people love including Robert Mondavi, Clos du Bois, Kim
Crawford, Rex Goliath, Mark West, Franciscan Estate, Ruffino and
Jackson-Triggs. The company's premium spirits brands include SVEDKA Vodka and
Black Velvet Canadian Whisky.

Based in Victor, N.Y., the company believes that industry leadership involves
a commitment to brand-building, our trade partners, the environment, our
investors and to consumers around the world who choose our products when
celebrating big moments or enjoying quiet ones. Founded in 1945,
Constellation has grown to become a significant player in the beverage
alcohol industry with more than 100 brands in its portfolio, sales in
approximately 100 countries, about 40 facilities and approximately 7,600
talented employees. We express our company vision: to elevate life with every
glass raised. To learn more, visit www.cbrands.com.

About Crafthouse Cocktails:

Launched in 2013, Crafthouse Cocktails is a gluten-free, premium bottled
cocktail collection created by 2014 World Class Global Bartender of the Year,
Charles Joly, and hospitality veteran, Matt Lindner. The collection has three
timeless cocktails including the Moscow Mule, Southside, and Paloma. Each
cocktail features the industry's best spirits and finest, all natural
ingredients that can be simply poured over ice and enjoyed. Its mission is to
create a ready-to serve cocktail that allows consumers to have the next best
thing to going to a great cocktail bar or restaurant. Managing Director,
William Skelly, and Chief Mixologist, Charles Joly, along with the management
team at Crafthouse Cocktails are passionate about bringing world-class
cocktails to consumers in an honest and easily approachable format. For more
information, please visit www.crafthousecocktails.com.

CONTACTS:

Media

Cheryl Gossin: 585-678-7191
Amy Martin: 585-678-7141
Investor Relations

Patty Yahn-Urlaub: 585-678-7483
Bob Czudak: 585-678-7170

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Constellation Brands Inc via Globenewswire

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