Constellation Brands Takes a Big Step into the Craft Brewing Market with $1 Billion Takeover Bid for Ballast Point Brewing & Spirits
SUGAR LAND--November 19, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Constellation Brands Incorporated (NYSE:STZ) (Victor, New York), a leading alcoholic beverage company, has announced plans to acquire San Diego, California-based craft brewer Ballast Point Brewing & Spirits Company. The deal would be the largest craft beer acquisition to date. Ballast Point, which began in 1996, will continue to operate as an independent business, reporting directly to Constellation's management team. Within this article: Overview of recent acquisition announcements by beer producers, including Constellation Brands Incorporated (NYSE:STZ) and Anheuser-Busch InBev SA/NV's (AB InBev) (NYSE:BUD).
