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:
 
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