How Much Are Microbreweries Worth?
In my earlier post I discussed the rapid increase of the craft brewery market and the integration of the microbreweries into a bigger realm of the beer industry. But since then new developments have occurred. Yesterday it was announced that San Diego’s Ballast Point Brewing & Spirits Company is being bought for $1 Billion. The buyer is alcoholic beverage conglomerate, Constellation Brands Inc. This buy out is Constellation’s biggest brand addition since 2012 when it purchased the remaining 50 percent interest in Crown Imports LLC for $1.85 Billion. As Bart Watson, Chief Economist for the Brewers Association, put it in Continue reading How Much Are Microbreweries Worth?