Over 500 of the world’s most extraordinary brands are part of the Sazerac portfolio, including Buffalo Trace Bourbon, Eagle Rare, Weller, The Last Drop Distillers, Fireball Cinnamon Whisky, Southern Comfort, Wheatley Vodka, Meyers’s Rum, White X Cognac, Sazerac de Forge Cognac, Paddy’s Irish Whiskey, and many more.

Constellation Brands (NYSE:STZ) has reached an agreement with Sazerac to divest its SVEDKA vodka brand as it continues to reshape its wine and spirits portfolio towards the higher end. This transaction is subject to customary closing conditions and expected to close in the coming months.

Buffalo Trace and Southern Comfort owner Sazerac has snapped up Svedka vodka from Constellation Brands. The deal, announced today (3 December) in a brief statement, is the latest disposal made by Constellation, which says it is aiming to focus on “higher-end wine and spirits brands”.

The Victor, N.Y., company behind brands including Corona beers, Robert Mondavi wines and Casa Noble tequila said the transaction with privately held Sazerac is expected to close in the coming months. Financial terms of the agreement weren't disclosed.