(Wines&Vines) - Laughing Stock Vineyards on the Naramata Bench will join Arterra Wines Canada Inc. in Arterra’s first deal since Ontario Teachers’ Pension Plan (OTPP) acquired Constellation Brands Canada’s winemaking operations in $1 billion deal (CAD) one year ago. 

“With our new ownership, we’re quite focussed on building a strong future for Canadian wines and premiumizing our business,” Jay Wright, president and CEO of Arterra, told Wines & Vines. “The opportunity to acquire Laughing Stock Vineyards was very serendipitous.”