Tuesday April 16, 2024 | Last Update: April 16, 2024 EDT
Constellation Brands Inc. has announced in a press release that it will be acquiring Ballast Point Brewing & Spirits, one of the fastest growing craft beer companies in the U.S., for approximately $1 billion. The acquisition allows Constellation to compete in the fast-growing craft beer segment and further strengthen its position in the highest end of the U.S. beer market.
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Alcoholic beverage maker Constellation Brands Inc. reported on Wednesday a 15 percent increase in profits in the first quarter ending in May due to improved sales of its Corona and Modelo beer brands.
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