Constellation Brands to buy Ballast Point for $1 Billion

Constellation Brands (NYSE: STZ) has announced the acquisition of San Diego-based Ballast Point Brewing & Spirits. Ballast Point filed paperwork with the SEC last month in preparation for taking the company public. Now, in lieu of an IPO, their quest for capital has been fulfilled in a deal valued at approximately $1 billion. This valuation for … [ Read more]

Ballast Point going public, files IPO paperwork

In what’s already been a revelatory month in the business of beer, add Ballast Point Brewing to the list of movers and shakers. The San Diego brewery filed paperwork with the SEC to set the stage for an intial public stock offering. They will join Boston Beer Company (Samuel Adams) and Craft Brew Alliance (Kona, Redhook) … [ Read more]