Find happy hours and drink specials anywhere you are

Constellation Brands Acquires Ballast Point Brewing Company for $1 Billion

by Alexander Frane on Nov 17, 2015 in Beer

Ballast Point, having just recently made plans to go public, has finalized a deal with Constellation Brands, a beverage conglomerate, to the price of one billion dollars. The deal seems staggering (Constellation’s largest transaction since 2012), and even Ballast’s chief commercial officer, Earl Kight admitted his surprise to the LA Times. Still, Ballast’s revenue is projected to more than double in 2015, rising to $100 million. Constellation seems to share the prediction of many other larger companies—craft brews are the new market.
 
The purchases of craft breweries by larger drink companies, such as AB-InBev’s many reported purchases, are indicative of the growing popularity of craft beers; sales of craft beers continue to grow, while larger companies’ sales have remained flat for the last few years. Despite the fears of some, it seems unlikely that the craft scene will be threatened by these acquisitions—every time a brewery like Elysian or Goose Island is purchased, hundreds of other breweries remain, and more spring up.
 
Furthermore, Ballast will reportedly remain mostly autonomous, operating as a standalone business. Of course, this does not necessarily mean the product will remain consistent: with increased production and distribution, there is always the chance of adjustment. Time will tell whether its beer will remain the same or not.
 
Constellation will be adding Ballast’s products to its already large roster of 100 some brands, which include Mexican beers Corona, Pacifico, and Negra Modelo, as well as Robert Mondavi wines and Black Velvet Canadian Whiskey.

Photo via Ballast Point

Tags: Beer
Recent Articles
spacer

Feedback

How are we doing? Tell us what you like or don't like and how we can improve. We would love to hear your thoughts!

*Name:
*E-mail:
*Suggestions:
 
Rejoice: Burger King is Now Serving Booze

Rejoice: Burger King is Now Serving Booze

A Whopper and fries (along with some cheap chicken nuggets) makes a great post-drunk fill-up, but now thanks to the geniuses at the Burger King corpor...read more ›

by Ryan Hudak May 19, 2017
You Can Now Visit an Inflatable Version of Moe's Tavern from 'The Simpsons'

You Can Now Visit an Inflatable Version of Moe's Tavern from 'The Simpsons'

Have you ever wanted to visit the iconic Moe's Tavern from The Simpsons? Well, unless you live in Eugene, OR, ...read more ›

by Alexander Frane May 19, 2017
Mon
Jun 19
SPONSORED
Find happy hours and drink specials anywhere you are
Eric Wareheim of 'Master of None' & 'Tim and Eric' Is the Latest Celebrity to Release a Wine

Eric Wareheim of 'Master of None' & 'Tim and Eric' Is the Latest Celebrity to Release a Wine

Plenty of celebrities are releasing wine these days, and Eric Wareheim, famous for both Master of None and Tim...read more ›

by The Drink Nation May 17, 2017
A Booze-Infused Ice Cream Shop Just Opened in NYC

A Booze-Infused Ice Cream Shop Just Opened in NYC

Ah, the Big Apple, always providing the rest of the country with great art, culture, theater and now-perhaps the best innovation to date-the ice cream...read more ›

by Jessie Donofrio May 17, 2017
A 100-Year-Old British Man Won Beer For Life

A 100-Year-Old British Man Won Beer For Life

A landlord at a Manchester pub promised a then 92-year-old Arthur Johnson, about eight years ago, that when he turned 100 he'd be entitled to free bee...read more ›

by Jessie Donofrio May 17, 2017
D.C.'s Best Local Summertime Beers

D.C.'s Best Local Summertime Beers

The impending dog days of summer have us craving light, refreshing beers, and there's no better way to beat the heat than with these local, seasonal b...read more ›

by Lanna Nguyen May 17, 2017
Lagunitas Sells Second Half of Stake to Heineken

Lagunitas Sells Second Half of Stake to Heineken

Lagunitas Brewing has announced that it will be selling the last 50% of its stake to Heineken International, The Chicago Tribune reports. ...read more ›

by Alexander Frane May 17, 2017
Where to Celebrate Mother's Day 2017 in D.C.

Where to Celebrate Mother's Day 2017 in D.C.

Here's where to treat Mom to a decadent brunch this Mother's Day in D.C....read more ›

by Lanna Nguyen May 9, 2017
Bulleit is Releasing a Barrel Proof Frontier Whiskey

Bulleit is Releasing a Barrel Proof Frontier Whiskey

Whiskey fans have a new reason to celebrate: Bulleit, for the first time, is releasing a barrel proof bottle of its famous bourbon....read more ›

by Alexander Frane May 9, 2017
SPONSORED
View all Articles

Sign up to get weekly drinking news, bar reviews, events and more sent directly to your inbox!

Close