Constellation Brands, Inc. (NYSE: STZ), the world’s leading premium wine company, announced today that it has purchased the remaining 50.1 per cent of the Tuscan winery Ruffino S.r.l. from the Folonari family for approximately €50 million (approx. $69 million).
Constellation welcomes approximately 130 employees and now fully owns the iconic Ruffino brand and the historical production facility located in close proximity to Florence. The wines continue to be produced on approximately 600 hectares of prestigious vineyards at the same Tuscan Estates of Ruffino as has been done for decades.