Constellation acquires Ballast Point for $1 Billion

[treacheroustexan]

http://www.streetinsider.com/Corpor...Ballast+Point+Brewing+&+Spirits/11076615.html


I noticed Constellation also has Corona, Modelo, and Pacifico on their website. Good for them I guess. Thoughts?

 

[bob1852]

Good for them. Got almost 6 times what they're IPO was going to bring in.

 

[Konadog]

It would be very hard to turn down 1 billion $$.

 

[treacheroustexan]

Though, I would be quite excited if I could go to another all inclusive resort in Mexico and get a buncha sculpin rather than corona

 

[Hello]

I think it's good for Ballast. Like @az_ipa said, it was much more than what their IPO was going for. Hopefully nothing really changes with the exception being where we find their beers.

 

[1977Brewer]

I think it's good for Ballast. Like @az_ipa said, it was much more than what their IPO was going for. Hopefully nothing really changes with the exception being where we find their beers.

This, and maybe a price break would be nice. I'd like to afford Sculpin some day.

 

[Sammy86]

Good for a company that was started by home brewers...and like others have said its really really hard to say no to 1 billion dollars.

I think the key to the deal is that they will still be considered a stand alone company while retaining all their management and employees. Makes sense and a good deal for B.P.

 

[EJay]

We'll see. Constellation is the AB of the wine industry (though, as noted, they've made a lot of beer acquisitions recently).