Deal expected to shut at the end of this year as major beer companies continue to enter snappy-growing craft market through acquisitionsCorona and Modelo beer brewer Constellation Brands Inc said it will buy San Diego-based craft beer maker Ballast Point Brewing & Spirits for about $1bn to compete in the snappy-growing craft beer market.
Beer volumes in North America and western Europe believe steadily declined in the past two decades as consumers shift to craft brews made by independent players, leading major beer companies to enter that market through acquisitions. Continue reading...
Source: theguardian.com