Amongst the trend today in the beer industry is the acquisition of smaller beer brewery companies by larger and richer companies.
Just a month ago Anheuser-Busch InBev was able to acquire international beer brewery company SABMiller the creator of MillerCoors for an enormous amount of $107 billion.
The reason for the move by AB InBev buying SABMiller was to create a global beer brand, which has indefinite pros and cons.
Now, Constellation Brands is acquiring independent brewery Ballast Point for over a billion dollars.
Ballast Point is famous for their Sculpin India Pale Ale, which has sold over 4 million cases this year. The insane amount of cases sold by Ballast Point represents a growth of more than 100 percent versus than that of last year.
Net sales for the Sculpin IPA are nearing to 115 million dollars by the end of this year.
This acquisition may be have a positive outcome for Constellation Brands after all Ballast Point is one of the fastest growing craft beer companies in the United States with their brewery having 40 different styles of beer.
Acquiring Ballast Point will give Constellation Brands a head start in the fast-growing craft beer market in the U.S.
Ballast Point has been a craft beer company that started 20 years ago, and just because Constellation Brands were able to acquire the company does not mean the Ballast Point itself will be shut down.
Ballast Point will still operate as a stand-alone company with its very own employees and management team running the day-to-day operations.
The founder of Ballast Point, Jack White, believes that partnering with Constellation Brands will give them an opportunity to create great beer that is done right.
"We believe in the vision that Jack and his team have created and we're excited to welcome Ballast Point, one of the most respected craft brewers in the country, to the Constellation Brands family," Rob Sands, chief executive officer, Constellation Brands, said.
