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Craft Brewing and Distilling News for March 3, 2020

March 3, 2020

•Constellation Brands has completed its sale of Ballast Point Brewing to Chicago’s Kings & Convicts for an undisclosed sum. Constellation announced the divestiture of Ballast Point—for which it paid $1 billion in 2015—late last year. Richard Mahoney, chairman of The Wine Group, reportedly provided the capital for the acquisition, in turn becoming the largest shareholder of Kings & Convicts.

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