December 19, 2016
Ontario Teachers' Pension Plan (Ontario Teachers'), together with management of Constellation Brands Canada, today announced the completed acquisition of Constellation Brands' Canadian wine business.
Headquartered in Mississauga, Ontario, Constellation Brands Canada is the market leader in Canada with approximately three times the market share of its closest competitor and 7 of the top 20 wine brands in the Canadian market.
About Ontario Teachers'
The Ontario Teachers' Pension Plan (Ontario Teachers') is Canada's largest single-profession pension plan, with $171.4 billion in net assets at December 31, 2015. It holds a diverse global portfolio of assets, 80% of which is managed in-house, and has earned an annualized rate of return of 10.3% since the plan's founding in 1990. Ontario Teachers' is an independent organization headquartered in Toronto. Its Asia-Pacific region office is located in Hong Kong and its Europe, Middle East & Africa region office is in London. The defined-benefit plan, which is fully funded, invests and administers the pensions of the province of Ontario's 316,000 active members and retired teachers. For more information, visit otpp.com and follow us on Twitter @OtppInfo.