Constellation Brands has acquired a minority stake in the Colorado-based American craft rum maker Montanya Distillers.
The investment was made through Constellation Brands Ventures’ Focus on Female Founders program, which makes investments in female-founded and female-led businesses in beverage alcohol.
Montanya’s rums are distributed in over 40 states and seven countries overseas and can be purchased online. The company was founded in 2008 by Karen Hoskin, president and CEO, and her husband Brice.
Montanya Distillers will continue to manage, produce, market and sell its rums such as Montanya Platino, Montanya Oro, and Montanya Exclusiva.
Terms of the transaction were not disclosed.