Archive for November, 2015

Constellation buys Ballast Point for $1 billion

Monday, November 16th, 2015

Constellation Brands has reached an agreement to acquire San Diego-based Ballast Point Brewing & Spirits for approzimately $1 billion, according to a company press release. Ballast Point is one of the fastest growing craft beer companies in the U.S., its best sellers being Sculpin IPA and Grapefruit Sculpin IPA. The press release states, “The partnership […]

AB InBev ‘first truly global brewer’

Wednesday, November 11th, 2015

As expected, AB InBev announced that as part of the final agreement to buy SABMiller for $107 billion that SABMiller will sell its 58% share of its venture with Molson Coors to that company for $12 billion. That deal includes rights to the Miller brand name and gives Molson Coors full control of operations. The […]