Constellation unloads $1 billion craft-beer acquisition Ballast Point to Chicago-area brewery
December 03, 2019 at 18:37 PM EST
In a stunning deal that shows how much the craft-beer industry has changed in recent years, Constellation Brands Inc. on Tuesday unloaded the Ballast Point beer brand — which it bought for a record price in 2015 — to a little-known Chicago-area brewer for an undisclosed sum.
