Constellation Brands, one of the world leading producers and marketers of alcoholic beverages, recently announced that it had finalized the joint venture with Owens-Illinois and completed the acquisition of Anheuser-Busch InBev’s state-of-the-art glass production plant, which is located adjacent to Constellation’s brewery in Nava, Coahuila, Mexico. After modernization, the facility is expected to supply more than 50% of the glass needs for the company’s US beer business. This investment in glass sourcing will help ensure Constellation is well-positioned to support the continued momentum and growth opportunities for its beer portfolio well into the future. Constellation also announced that apart from the glass sourcing activities, it has started an additional 5 mn hectoliter expansion at its Nava Brewery that will increase production capacity to 25 mn hectoliters. The project is expected to be completed by the end of 2017. I believe that Constellation’s strong portfolio of brands in various segments combined with capacity expansion and focus on efficiency will allow the company to continue to deliver solid financials going forward. For fiscal 2015, Constellation expects EPS to be in the range of $4.10-4.25, compared with USD 3.25 earned in fiscal 2014. Also, the company expects to generate operating cash flow of roughly $1 bn. I believe Constellation’s shares will reach a $100 mark in the medium term. $STZ, Constellation Brands, Inc. / 1440