Draft Magazine reported today that Ballast Point has been sold for 1 billion dollars to Constellation Brands. Ballast Point was founded in 1996, Constellation Brands include Corona and Modela beers. It is always a disappointment when a great craft brewery is sold to a large distributor, however if I had founded a company and was offered 1 billion dollars for it I would sell too. Ballast Point say that none of their beers or recipes will change.
For the Draft Magazine article see http://draftmag.com/report-ballast-point-sells-to-constell…/