Constellation Brands acquires Ballast Point Brewing Company

16-ballast-point-beer.w529.h352Ballast Point Brewing Company has been acquired by Constellation Brand for $1 billion. Ballast Point first started in San Diego out of a home-brew supply shop. It has a strong indie-brewing tradition and is based in America’s most prominent craft-beer cities.

Constellation Brand is the world’s largest wine producer and owns most of the Mexican beers popular in America like Corona, Negra Modelo. However, even after the acquisition Ballast Point’s ownership disclosed that it “will continue to operate as a stand-alone company with its existing management team and employees running the day-to-day operations.”

This sale continues the latest trend of craft breweries being overtaken by large international companies. By the end of this year, Constellation Brand will now own the 37th largest craft brewery brand.

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