Constellation Brands (NYSE: STZ, STZ.B) is buying Casa Noble tequila.
The deal includes the Casa Noble trademark and related assets, including the Casa Noble Crystal, Reposado and Anejo-brand products. Terms of the deal were not disclosed. Music icon Carlos Santana is an investor in Casa Noble.
Constellation, headquartered in Victor, New York, currently markets beer, wine and spirits, including the Corona Extra, Corona Light, Modelo Especial, Negra Modelo, Pacifico, Robert Mondavi, Kim Craford, Svedka Voda and Black Velvet Canadian Whiskey.
In another recent alcohol deal, AB InBev agreed to buy Blue Point Brewing Co. in February.