Constellation Brands Acquires Copper & Kings

Constellation Brands is back to buying leading U.S. craft producers with the purchase, announced today, of Copper & Kings American Brandy Co.

The Louisville-based Copper & Kings is known for its large lineup of brandy, gin, absinthe and liqueur, with a wide range of experimental releases.

”As an innovative distillery regarded for its experimental attitude and highly rated craft spirits, Copper & Kings American Brandy represents a significant growth opportunity for us and reinforces our continued commitment to premium spirits,” says Bill Newlands, president and chief executive officer, Constellation Brands. “American Craft Brandy is a fast-growing category that resonates with consumers, specifically among whiskey drinkers, and provides an excellent bridge between fine wine and craft bourbon. Copper & Kings’ prime location in Bourbon Country also presents an opportunity for Constellation to drive brand awareness and further expand the brand’s direct-to-consumer and retail routes to market.”

Copper & Kings American Brandy was initially a minority investment through Constellation’s venture capital group.

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“With entrepreneurship and quality being part of Constellation’s core values, it’s gratifying to see those values come to life through our first full Ventures acquisition in Copper & Kings,” says Jennifer Evans, vice president of Constellation Ventures. “When making a Ventures investment, we look for brands that want to push boundaries, grow with consumers, and expand their current markets. Copper & Kings checks all those boxes, and we look forward to integrating them into our wine and spirits portfolio.”

Copper & Kings American Brandy was founded in 2014 by beverage industry entrepreneurs Joe and Lesley Heron, and uses small batch copper pot-distillation and unconventional methods, like sonic aging and solera blending, to craft a variety of non-traditional spirits.

“As Copper & Kings moves into this next phase, we feel immense pride in what we’ve accomplished together with Constellation Brands,” says Founder and CEO Joe Heron. “Copper & Kings and Constellation have had a symbiotic relationship right from the start. Because of that shared culture of innovation, entrepreneurship, and respect for the environment, as well as a good personal relationship, Lesley and I know we are leaving Copper & Kings in good hands. The stars are beautifully aligned.”

Financial terms of the deal were not disclosed.

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