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CHICAGO, Apr 3 (Reuters) Constellation Brands Inc. on Monday said it agreed to buy Canadian winemaker Vincor International Inc. for C$1.27 billion, or US$1.09 billion, adding to its wine portfolio.

Under the terms of the deal, Vincor shareholders will receive C$36.50 per share. The deal represents a premium of 15.9 percent to Vincor's closing share price on Friday.

Constellation will also assume about C$250 million, or US$220 million, of Vincor debt.

Constellation, based in Fairport, New York, said the companies reached an agreement on Sunday, and the companies' boards support the deal.

REUTERS RA HS1751