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Constellation Brands announced on Tuesday that it is selling its Svedka vodka brand to Sazerac for an undisclosed sum. The ...

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Constellation Brands will sell its Svedka vodka brand to alcoholic beverage company Sazerac in the coming months.

Constellation Brands is divesting the vodka brand as part of its efforts to focus on higher end wine and spirits.

Constellation Brands has said the it plans to sell its Svedka vodka to New Orleans-based drinks group Sazerac.

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.

Constellation Brands ( (STZ) ) has issued an update.