Multinational drinks company and the world's largest wine producer, Constellation Brands, is to acquire San Diego-based Ballast Point Brewing & Spirits for $1bn (£660m).
Ballast Point is one of the fastest growing craft beer companies in the US with a beer portfolio that includes more than 40 different styles of beer, led by its popular Sculpin IPA and Grapefruit Sculpin IPA. The partnership with Ballast Point provides a high-growth premium platform that will enable Constellation to compete in the fast-growing…
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