Ontario Teachers' Arterra to buy Laughing Stock Vineyards

Arterra Wines Canada Inc, formerly known as Constellation Brands Canada, has agreed to acquire Laughing Stock Vineyards Ltd, a Penticton, British Columbia-based boutique winery. No financial terms were released. David Enns and Cynthia Enns, who founded Laughing Stock in 2003, will continue to play a leadership role in the company. Mississauga, Ontario-based Arterra is an owner and distributor of more than 100 wine brands. It was acquired last year by Ontario Teachers’ Pension Plan from Constellation Brands Inc in a deal valued at $1.03 billion.

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