Kings & Convicts Brewing Co. Buys Ballast Point Brewing Co. from Constellation Brands

Discussion in 'Beer News' started by Todd, Dec 3, 2019.

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  1. StoutSnob40

    StoutSnob40 Grand Pooh-Bah (4,467) Jan 4, 2013 California
    Pooh-Bah Society Trader

    Kings & Convicts started 2 years ago, and already has Ballast Point purchasing dollars?

    They also have less than 900 Instagram followers and their website is down.. Shitty at social media, good at raising investment dollars, I guess. Seems really weird, though.
     
  2. Bitterbill

    Bitterbill Grand High Pooh-Bah (6,772) Sep 14, 2002 Wyoming
    Pooh-Bah Society

    Looks like Constellation's expectations were out of this world.

    I haven't seen any Ballast Point beers in a long time in Casper. The only beer I miss of theirs is Victory at Sea...
     
  3. DISKORD

    DISKORD Initiate (0) Feb 28, 2017 South Carolina

    Well, that's interesting and different. That's pretty good news, in my opinion. Now BP can sport that fancy Independent Craft logo/emblem.

    My only question now is...who's gonna buy FB from them?
     
    #23 DISKORD, Dec 3, 2019
    Last edited: Dec 3, 2019
  4. JackHorzempa

    JackHorzempa Grand Pooh-Bah (3,181) Dec 15, 2005 Pennsylvania
    Pooh-Bah Society

    That would make more sense.

    From the below linked article from 2017:

    "Ballast Point’s East Coast brewing operation will include 100 and 300 barrel systems."

    https://roanoke.org/2017/09/21/ballast-point-begins-production-in-virginia/

    My guess is that the second 100 barrel brew kettle was installed in the Daleville, VA brewery (and the second planned 300 barrel never installed due to decreasing sales).

    Cheers!
     
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  5. HopSessions

    HopSessions Initiate (178) Mar 1, 2019 Illinois
    Trader

    they sell really well surprisingly, I live right down the street and visited the brewery over the summer. You would be shocked if you saw how small the place is that they have BP dollars.
     
  6. Bitterbill

    Bitterbill Grand High Pooh-Bah (6,772) Sep 14, 2002 Wyoming
    Pooh-Bah Society

    I don't see any dollars mentioned. I wonder how low Constellation went selling it?
     
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  7. DISKORD

    DISKORD Initiate (0) Feb 28, 2017 South Carolina

    I have a feeling it's way less than $1 billion.
     
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  8. Bitterbill

    Bitterbill Grand High Pooh-Bah (6,772) Sep 14, 2002 Wyoming
    Pooh-Bah Society

    Ya reckon? Lol!
     
  9. DISKORD

    DISKORD Initiate (0) Feb 28, 2017 South Carolina

    Is that Aussie, Kiwi or Southern accent?
     
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  10. Bitterbill

    Bitterbill Grand High Pooh-Bah (6,772) Sep 14, 2002 Wyoming
    Pooh-Bah Society

    Having lived in Australia, I try to keep some semblance of my living there in my posts here and elsewhere.
     
  11. JackHorzempa

    JackHorzempa Grand Pooh-Bah (3,181) Dec 15, 2005 Pennsylvania
    Pooh-Bah Society

    It's a Wyoming cowboy accent! :wink:

    Cheers!

    @Bitterbill
     
  12. VitisVinifera

    VitisVinifera Pundit (855) Feb 25, 2013 California

    My first thought was what kind of markdown Constellation is taking on this. I think that's probably the only pertinent news anyone cares about in this acquisition. This % difference will really speak volumes as to the direction craft beer is going (regional/national model is crumbling before local model).
     
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  13. Doma

    Doma Initiate (0) May 19, 2019 California
    Deactivated

    Putting aside all the business, volume, etc. issues, what I'm curious about is if they can replicate the OG Sculpin. It was a great beer, crisp and bright like the San Diego good weather. Memories...
     
  14. Bitterbill

    Bitterbill Grand High Pooh-Bah (6,772) Sep 14, 2002 Wyoming
    Pooh-Bah Society

    What ya talking aboot? We don't have an accent in Wyoming.
     
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  15. ktr5010

    ktr5010 Savant (1,016) Dec 12, 2014 Illinois
    Trader

    This is so fucking crazy. Never even heard of the brewery who bought Ballast Point.
     
  16. JackHorzempa

    JackHorzempa Grand Pooh-Bah (3,181) Dec 15, 2005 Pennsylvania
    Pooh-Bah Society

    I reckon you're right!:wink:

    Cheers!
     
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  17. ryan1788a5

    ryan1788a5 Pooh-Bah (1,978) Nov 27, 2009 Massachusetts
    Pooh-Bah Society

    They've already been brewing Funky Buddha in Daleville for some time, as well as their Svedka seltzer line and a bunch of other stuff.
     
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  18. ryan1788a5

    ryan1788a5 Pooh-Bah (1,978) Nov 27, 2009 Massachusetts
    Pooh-Bah Society

    I saw the sale coming a mile away, and called it in some thread or another here probably the better part of a year ago. The buyer, though, is admittedly a huge surprise. Scuttlebutt within the industry was that Mahou San Miguel was very interested, and that would have made sense to me. Never even heard of these guys. Hope they know what they're doing.
     
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  19. HouseofWortship

    HouseofWortship Pooh-Bah (2,629) May 3, 2016 Illinois
    Pooh-Bah Society Trader

    This makes no sense. A no name brewery wouldn’t have this kind of capital solely only their beer. This is either owned and fronted by an investment group or Ballast Point still has board seats and control, but gave up “operations” to a “craft brewer” in the sale, but Constellations would maintain 90%of the shares and value of new venture. I think they want to appear independent or have a re-brand to revive a stale brewery concept.
     
  20. waltari

    waltari Initiate (0) Jan 28, 2016 Georgia

    Same here in GA, my favorite beer stores have been getting rid of all BP stock. I will miss V@S the most.
     
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