Constellation Brands has acquired Svedka Vodka from Guillaume Cuvelier and Alcofinance for $384m (£195m).

Approximately 1.1 million cases of Svedka were sold in 2006, predominately in the US.

“We believe Svedka is a perfect fit, providing us with a platform for expansion of our premium spirits portfolio. With continued marketing investment we will look to maximise the brand's long-term growth potential and value,” said Richard Sands, chairman and CEO of Constellation Brands.