FTC Approves Final Order Imposing Conditions on E. & J. Gallo Winery’s Acquisition of Assets from Constellation Brands, Inc.

FTC Approves Final Order Imposing Conditions on E. & J. Gallo Winery's Acquisition of Assets from Constellation Brands, Inc. Following a public comment period, the Federal Trade Commission has approved a final order settling charges that E. & J. Gallo Winery's $1.7 billion acquisition of assets from competitor Constellation Brands, Inc. would violate federal antitrust law. According to the complaint, which was first announced in December 2020, the proposed acquisition would likely eliminate head-to-head competition between Gallo and Constellation, and substantially lessen competition in the United States for six types of wine and spirits products: entry-level on-premise sparkling wine, low-priced sparkling wine, low-priced brandy, low-priced port, low-priced sherry, and high color concentrates (or HCCs). The final order requires Gallo to divest several product lines and remove certain others from its asset purchase agreement with Constellation. The Commission vote to approve the final order was 4-0. The Federal Trade Commission works to promote competition, and protect and educate consumers. You can learn more about how competition benefits consumers or file an antitrust complaint. Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources. CONTACT INFORMATION Media Contact: Betsy Lordan Office of Public Affairs 202-326-3707 Related Cases E & J Gallo Winery/Constellation Brands, In the Matter of More news from the FTC >>    SUBSCRIBER SERVICES:  Manage Preferences  |  Unsubscribe  |  Help This is a free service provided by the Federal Trade Commission.

 

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