Constellation Brands Acquires SpikedAde to Expand Ready-to-Drink Portfolio
Key Facts
Constellation Brands announced the acquisition of SpikedAde, a spirit-based ready-to-drink (RTD) brand. According to a statement released via GlobeNewswire, the acquisition aims to capture consumer-led demand within an emerging and fast-growing space in the beverage alcohol industry.
STZ closed at $113.31 on October 5, 2026, with the stock trading between a day low of $110.6 and a high of $114.5 during that session. Nicholas Fink, President and CEO of Constellation, stated that SpikedAde has carved out a distinctive position in the market, aligning with the company's broader strategy to expand its high-end beverage portfolio.
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Update: Financial data showed that Constellation Brands' beer business sales rose 5%, while its wine and spirits business sales increased by 17%. These figures underscore the company's momentum as it expands into high-growth beverage categories.