THE DRINK NATION IS A FREE RESOURCE FOR FINDING EVERYTHING AWESOME ABOUT DRINKING IN YOUR LOCATION
The Drink Nation Home Bar Project Cover

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

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:
 
Pedialyte Has a New Product That Might Help Cure Your Next Hangover

Pedialyte Has a New Product That Might Help Cure Your Next Hangover

If you've been picking up Pedialyte at the corner store after a long night of drinking, you're not alone — a...read more ›

by The Drink Nation Jan 4, 2019
Amy Poehler Has Opened a Wine Store in Brooklyn

Amy Poehler Has Opened a Wine Store in Brooklyn

Amy Poehler has a new role - she has opened a wine store, Zula Wines & Spirits, in Brooklyn's Park Slope, according to Eater. ...read more ›

by The Drink Nation Dec 11, 2018
Red Spot Whiskey Has Returned after 50 Years Out of Production

Red Spot Whiskey Has Returned after 50 Years Out of Production

After 50 years out of production, Red Spot Whiskey has returned to join the Spot Whiskeys family once again....read more ›

by The Drink Nation Nov 26, 2018
SPONSORED
Drink Nation Store Rectangle
Miller High Life is Now Available in Champagne Bottles

Miller High Life is Now Available in Champagne Bottles

Miller High Life, commonly known as the 'Champagne of Beers,' is now available in actual champagne bottles for a limited run during the holiday season...read more ›

by The Drink Nation Nov 13, 2018
Jack Daniels is Making a Whiskey Advent Calendar For the Holiday Season

Jack Daniels is Making a Whiskey Advent Calendar For the Holiday Season

Jack Daniels has debuted a boozy advent calendar filled with, naturally, whiskey, just in time for the holiday...read more ›

by The Drink Nation Nov 13, 2018
Behind the Bar: Jason Wise, Director of the SOMM Documentary Film Series

Behind the Bar: Jason Wise, Director of the SOMM Documentary Film Series

For this installment of Behind the Bar, we spoke to Jason Wise, documentary filmmaker and director of the new ...read more ›

by The Drink Nation Oct 31, 2018
Beam Suntory Has Launched a Japanese Vodka & Gin

Beam Suntory Has Launched a Japanese Vodka & Gin

Beam Suntory, one of the largest producers of both American and Japanese whiskeys in the world, has introduced two new clear spirits to its lineup: Ha...read more ›

by The Drink Nation Oct 29, 2018
You Can Now Minor in Bourbon at This Kentucky University

You Can Now Minor in Bourbon at This Kentucky University

Thanks to the booming bourbon tourism industry in Kentucky, the state's Midway University now offers a minor in Bourbon Studies as part of their under...read more ›

by The Drink Nation Oct 29, 2018
You Can Make Your Own Whiskey at This Virginia Beach Hotel

You Can Make Your Own Whiskey at This Virginia Beach Hotel

If you've always wanted to make your own whiskey, you're in luck - a hotel in Virginia Beach is letting guests make their own barrels of whiskey....read more ›

by The Drink Nation Oct 15, 2018
Bono Has Purchased a Stake in a New Irish Whiskey Distillery

Bono Has Purchased a Stake in a New Irish Whiskey Distillery

Lots of celebrities have been partnering with distilleries lately, and now, U2's Bono is the latest star to form a partnership with a liquor company....read more ›

by The Drink Nation Oct 15, 2018
SPONSORED
View all Articles

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

Close