News

Constellation Brands chases US$400m for Ballast Point buy

Most popular

Why spirits should look back to move forwards

Gaming - the next frontier for drinks marketing

Why spirits must rethink its future positioning

Responsible drinking efforts around the world

How wine can surf the waves of consumer change

MORE

Constellation Brands is to borrow US$400m to help finance its acquisition of Ballast Point Brewing & Spirits.

Constellation said last week it has agreed to buy Ballast Point

Constellation said last week it has agreed to buy Ballast Point

The company has launched a public offering on 4.75% notes in a deal that will close on 4 December. The money will be used to fund the Ballast Point buy, announced last week, as well as "other general corporate purposes", Constellation said.

Constellation Brands' US$1bn purchase of San Diego-based Ballast Point will be the company's first foray into craft beer. It said the acquisition will allow it to compete in the fast-growing craft beer sector and strengthen its position at the top-end of the beer category. The deal is expected to close by the end of the year.

Constellation Brands and the Ballast Point "sticker shock"


Related Content

Constellation Brands and Ballast Point

Constellation Brands and Ballast Point "sticker shock" - analysis...

"Real beer aficionados" driving Constellation Brands' Ballast Point - CEO...

US$1bn

US$1bn "pretty reasonable" for Ballast Point - Constellation Brands CEO...

Constellation Brands to roll out carb-light Corona Premier across US

Constellation Brands to roll out carb-light Corona Premier across US...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?