Constellation Brands to acquire Charles Smith Wines

Victor, N.Y.-based Constellation Brands announced it has reached an agreement with Charles Smith Wines LLC to acquire its fast-growing Washington State wines for approximately $120 million. The transaction, which closed in October, includes five super and ultra-premium wines: Kung Fu Girl Riesling, Velvet Devil Merlot, Boom Booom! Syrah, Eve Chardonnay and Chateau Smith Cabernet Sauvignon.