Constellation Buying Ballast Point for $1 Billion FILED NOVEMBER 16, 2015So it's Constellation's turn for a big craft purchase: Despite California's fast-growing craft beer and spirits company Ballast Point having started the IPO process recently, news has just come down that Constellation will acquire them for about $1 billion. The transaction will be financed with cash and debt, and is expected to close by the end of calendar year 2015, subject to customary closing conditions.
Constellation Picks a Craft Partner FILED NOVEMBER 16, 2015Constellation's $1 billion purchase of Ballast Point announced this morning is like the "Brangelina" of the beer world: Two of the hottest cohorts in their respective camps collide, and everyone goes, "yeah, that makes sense." Obviously, Constellation was holding out to get into craft in a big way.
$107 BILLION: THE BIGGEST BEER DEAL IN HISTORY FILED NOVEMBER 11, 2015When Anheuser-Busch InBev decides to do a deal, it gets done. And that's what is about to happen. It's been close to a month since ABI and SABMiller agreed to the deal in principle, this morning the two parties finally reached an "agreement on the terms of a recommended acquisition."
ABI Buys Mike's Hard Lemonade in Canada FILED NOVEMBER 10, 2015Labatt Breweries of Canada (owned by ABI) today announced it will purchase Mark Anthony Group in Canada, including Mike's Hard Lemonade.