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CANANDAIGUA WINE COMPANY, INC. ANNOUNCES COMPLETION OF BARTON ACQUISITION

 CANANDAIGUA, N.Y., June 29 /PRNewswire/ -- Canandaigua Wine Company, Inc., (NASDAQ: WINE A, WINE B and WINE G) announced today that, pursuant to its previously announced purchase agreement, Canandaigua has completed the purchase of all of the outstanding shares of Barton Incorporated. Barton is a leading importer and marketer of imported beers and producer, importer and marketer of distilled spirits in the United States. The acquisition was financed with a credit facility arranged through The Chase Manhattan Bank (National Association).
 Marvin Sands, Canandaigua's chairman of the board, said, "With the closing of the Barton acquisition, Canandaigua has emerged as a highly diversified, leading U.S. beverage alcohol supplier. As such, we are better positioned to service our customers and take advantage of the continuing consolidation in all segments of the beverage alcohol industry." Sands further said, "With our strong financial position, we intend to drive internal growth with higher levels of advertising and promotion. We will also continue to pursue acquisitions in all three segments of the industry."
 After giving effect to the Barton acquisition, Canandaigua is the third largest wine producer, fourth largest marketer of imported beers and eighth largest producer and marketer of distilled spirits, in the United States. The company's principal brands include Corona beer, Wild Irish Rose wines, Cook's sparkling wines, St. Pauli Girl beer, Cisco wines, Cribari wines, Manischewitz wines, Barton Gin and Vodka, Tsingtao beer, Ten High Bourbon and Montezuma Tequila.
 -0- 6/29/93
 /CONTACT: Lynn Fetterman of Canandaigua Wine Company, Inc., 716-394-7900, or Beverly Jedynak of Martin E. Janis & Company, Inc., 312-943-1100, for Canandaigua Wine Company/
 (WINE)


CO: Canandaigua Wine Company, Inc.; Barton Incorporated ST: New York IN: FOD SU: TNM

BM -- CL024 -- 6849 06/29/93 16:08 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 29, 1993
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