Ballast Point Brewing Company Files to Go Public

by Alexander Frane on Oct 21, 2015 in Beer

Ballast Point Brewing Company, the San Diego brewery and distillery, has announced its plans to go public and is filing the necessary forms with the United States Securities and Exchange Commission to do so. The company is currently valued at $172.5 million and has not yet announced the price of shares or amount of shares to be offered publicly. Control of the company will remain with its founder, who will maintain control over half of the shares.

The company began as a brewing supply store in 1992 and started producing beer in 1996. Its flagship product is the Sculpin IPA though it produces dozens of different nautical-themed beers and spirits, including canned cocktails like the Three Sheets Rum & Cola. Though the company has seen continual growth throughout the years, reliance on the southern Californian market has raised concerns. The public option will make for an influx of shareholder cash, and allow the company the capital to expand its products and maintain competitiveness in the constantly growing market of craft breweries.

As craft beers’ presence continues to grow in the beer market, reliance on local distributors and bars may not be enough to support a company. The public option may be a valid alternative to selling to a large beer company such as AB-InBev, like so many have done recently.

Photo via Ballast Point Brewing Company

 


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:
 
Vodka-Infused Chocolate is Here to Ruin Your New Year's Resolutions

Vodka-Infused Chocolate is Here to Ruin Your New Year's Resolutions

The adult candy company, Sugarfina, is behind this sinful creation of vodka-infused chocolate cordials, and th...read more ›

by Jessie Donofrio Jan 10, 2018
'World's Most Expensive' Vodka Bottle Stolen, Later Found Empty

'World's Most Expensive' Vodka Bottle Stolen, Later Found Empty

The bar world was shaken last week when a bottle of vodka, reportedly the most expensive in the world at $1.3 million, was stolen from Cafe 33, a bar ...read more ›

by Alexander Frane Jan 9, 2018
Hangover-Free Cannabis Wine Now Being Sold in California

Hangover-Free Cannabis Wine Now Being Sold in California

Rebel Coast Winery was ready for California's change in legislation, as their marijuana-infused sauvignon blanc hit the shelves as the clock struck mi...read more ›

by Jessie Donofrio Jan 3, 2018
SPONSORED
Visit Drink Baltimore on Your Phone
A New Study Shows that Wine Glasses Are Getting Bigger and Bigger

A New Study Shows that Wine Glasses Are Getting Bigger and Bigger

Good news for winos: a new study from the University of Cambridge says that the size of a standard wine glass is a full seven times larger than it was...read more ›

by The Drink Nation Jan 3, 2018
Hero Kiwis Built an Island in New Zealand For a New Year's Eve Party

Hero Kiwis Built an Island in New Zealand For a New Year's Eve Party

A group of New Zealanders in the town of Tairua on the Coromandel peninsula rang in the New Year in the best w...read more ›

by Alexander Frane Jan 3, 2018
Head to These 2018 Winter Festivals & Events in Baltimore

Head to These 2018 Winter Festivals & Events in Baltimore

Winter brings all of the regular events that inspire imbibing - Superbowl, St. Patrick's Day, and, well, Valentine's Day. But there are plenty of othe...read more ›

by Jennifer Waldera Jan 3, 2018
Where to Ring in 2018 in Baltimore

Where to Ring in 2018 in Baltimore

From hotels to Power Plant to the Inner Harbor, there is no shortage of enormous NYE celebrations around Baltimore....read more ›

by Jennifer Waldera Dec 27, 2017
Behind the Bar: Jimmy Russell, Master Distiller of Wild Turkey for Over 63 Years

Behind the Bar: Jimmy Russell, Master Distiller of Wild Turkey for Over 63 Years

In this installment of Behind the Bar, The Drink Nation had the unique opportunity to chat with Jimmy Russell,...read more ›

by The Drink Nation Dec 20, 2017
These Baltimore Bars are Open on Christmas Day

These Baltimore Bars are Open on Christmas Day

Most bars around town will be open at some point (one of Charm City's most charming qualities, right?) but here are a few to rely on....read more ›

by Jennifer Waldera Dec 19, 2017
Warm Up With These Hot Drinks This Winter in Baltimore

Warm Up With These Hot Drinks This Winter in Baltimore

Cider, coffee, eggnog, and even butter have never had better boozy accompaniments than they've found in these Baltimore beverages that will help you g...read more ›

by Jennifer Waldera Dec 12, 2017
SPONSORED
View all Articles

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

Close