Industry sources polled in recent years by mergermarket have been reluctant to identify Constellation Brands as a takeover target because its founding Sands family remains its largest shareholder.

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His son Tim, formerly the winemaker at Robert Mondavi Winery, had the curtain crash down on his own first act when the family lost control of the winery after it went public and was purchased by Constellation Brands, the creators of Wild Irish Rose, in 2004.

WSJ: Tim Mondavi of Continuum Estate, Making the Mondavi Legacy New Again | On Wine by Jay McInerney