Home The Wall Street Journal: Constellation Brands to buy craft beer maker for $1 billion
 

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The Wall Street Journal: Constellation Brands to buy craft beer maker for $1 billion

2015-11-16 17:16:52| Beverages - Topix.net

Constellation Brands Inc. agreed to acquire Ballast Point Brewing & Spirits for roughly $1 billion, adding a craft beer maker to the alcoholic-beverage company's beer business. became one of the largest U.S. beer distributors in 2013 with its acquisition of U.S. distribution rights for top import Corona, several other Mexican beers plus a Mexican brewery for $5.3 billion from Belgium's Anheuser-Busch InBev NV That deal stemmed from AB InBev's larger $20.1 billion takeover of Mexico's Grupo Modelo SAB, in which AB InBev had to divest itself of the assets to win U.S. regulatory approval.

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