Funky Buddha Joins Constellation Brands

Interesting! Seems like every time I wish for a brewery to distribute here, this happens. At least they didn't sell out to AB/InBev.

 

Yeah just saying I dont think there is much more room for this. Shelf and tap space is limited so gonna start seeing some breweries being squeezed out. I just hope its not the little guys.

 

My thoughts exactly. Some of the most overrated beer I have ever had.

 

So..... does this make the Funky Buddha line shorter at GABF?

 

I actually heard from a Ballast Point rep around the time of the transaction that the spirits business ended up NOT being part of the deal, which was quite the coup. Hadn't thought about it since then, but the below-linked article suggests that's true, which makes the $1B Jack White and company collected in the deal that much more insane.
https://www.sandiegoreader.com/news/2017/feb/06/booze-former-ballast-point-execs-get-liquors/#

 

I believe the spirits division of Ballast Point split from the brand and is now operating as "Cutwater"

 

But . . . but . . . but . . . THEY'RE NOT CRAFT NOW!!!!!!!!!!!

 

Wow, that does make that 1B valuation absurd....

 

And thus the battle of those who love increased accessibility meets those who boycott this "sellout". Get your popcorn ready.

 

Oh no! I got a Last Snow in my fridge that will no doubt turn into a Negra Modelo if not consumed soon I know what I'm drinking this weekend.

 

But will they continue to have HIDDEN DICKS on their labels???

 

Though not particularly a fan of FB, more beer available to more people is a great thing.

 

Are there no limits to shelf/tap space? (Note this is an issue for all distro growth, not just acquisitions )

 

Nowhere close. I'm sure Constellation learned a hard lesson when they had to take a $100M+ write down against the value of Ballast Point at the end of Q2.

 

Another independent craft brewery sells out to BIG beer.

Three months ago there was the thread entitled “Wicked Weed Brewing Brings Flavor and Funk to The High End” and that thread ended up reaching 20 pages.

Will this thread get to 20 pages? I am willing to bet not since Funky Buddha did not sell out to the most ‘evil’ of BIG beer (ABI).

Cheers!

 

Of course there is. I, maybe for one, am usually excited to have new beers available to me. Now whether they stay popular enough in the area to justify further supply, is a story for another thread.

 

With their pick, Heineken buys Shorts.
With the next pick, Constellation buys Funky Budda.
ABI, you are on the clock....

 

So, what are you thinking? Destihl?

Cheers!

 

Lol, not unless they are purchasing it for the infrastructure to move other craft brands there....

 

I guess to sorta quote George Orwell "All big beer is evil... except some big beer is more evil than others."