Ballast Point Acquired for $1B by Corona / Modello →

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Constellation Brands is officially entering the craft beer category, and in a big way. The Corona and Modelo maker today announced it would acquire San Diego’s Ballast Point Brewing for a whopping $1 Billion.

San Diego's Craft Beer Companys are being targeted left and right to no surprise. Congratulations on the newly minted billionaire club owners. Alesmith is next I take it.