Ballast Point sold to tiny suburban Chicago brewery Kings & Convicts in beer industry stunner
by Josh Noel, Chicago Tribune
Dec 04, 2019
3 minutes
CHICAGO - Tiny suburban Chicago brewery Kings & Convicts stunned the beer industry Tuesday afternoon by announcing the acquisition of California's legendary Ballast Point Brewing. Terms were not disclosed.
Ballast Point was famously bought for $1 billion four years ago by Constellation Brands, whose Chicago-based beer business owns the American rights to top Mexican brands that include Modelo, Corona and Pacifico. Ballast Point quickly became an albatross for Constellation, struggling to grow and adapt to its larger owners.
Multiple Ballast Point locations have closed and plans to open new
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