Craft Pioneer Anderson Valley Brewing Sold In Cash Deal
7 days ago - By Vine Pair
Just one day after Kings & Convicts Brewing Co. announced its acquisition of Ballast Point from Constellation Brands, there's news that another pioneering American brewery has been sold.
California-based Anderson Valley Brewing Co., one of America's first 20 craft breweries , has been sold in a cash deal to a family ownership group headed by beer and wine industry veteran Kevin McGee, Brewbound reports .
Founded in 1987, Anderson Valley's beers are currently distributed in over 30 states nationwide.
The terms of the agreement were not disclosed but the deal is expected to close on Dec. 13...
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Ballast Point, Once Sold for $1 Billion, Offloaded to Tiny New Brewery in Wild Deal
7 days ago - By Eater
Photo by Justin Sullivan/Getty Images
Kings & Convicts, a small brewery in a Chicago suburb, is now at the helm of one of the country's most recognized beer brands Just four years after leading San Diego IPA-maker Ballast Pointsold to beverage giant Constellation Brandsfor a cool $1 billion , Constellation is offloading Ballast Point to a tiny Chicago-area brewery for an undisclosed sum - presumably way, way less than what it paid originally. The Highwood, Illinois brewery, called Kings & Convicts, announced the deal yesterday.
That means Kings & Convicts, a 2017-founded company that's...
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