RateBeer Forums

Constellation unloads $1 billion craft-beer acquisition Ballast Point to Chicago-area brewery



Something very fishy is going on here…

Constellation can remove predicted BP losses from its books and use predicted revenue from the sale to improve its books. Craft beer revenue didn’t grow enough. Time to bail.

“Constellation had written down the brand multiple times, citing increased competition, most recently estimating the trademark’s fair value at $17 million in an October quarterly filing, down from $223 million in early 2017.”


And apparently it’s moving heavily into cannabis.

1 Like

Q4 Net income: -525,200,000 ouch!

Welp, K&C had a typo in its name here for 2 years and nobody cared. Says enough both about the current state of RB in those areas and the brewery. :smiley:

1 Like

Or simply that our US members are perpetually drunk. That’s a good thing, right?


There are only 14 ratings for K&C so we shouldn’t project answers/reasons for RateBeer members in general. However since 8 of the ratings are from crossovert, some conclusions might be drawn! :thinking:

Based on the fact that the owner is a former hotel exec and was playing golf with a Constellation exec, I have a feeling he is very rich and is just playing in the craft beer world. He got his money and decided he wanted to get into beer, so he started a small brewery. The brewery has not been much of a success, so he decided he’d rather skip the hard part and just go right in with the big boys.


look like this went through

Is this the first example of a brewery selling out then going back to independent?

1 Like

BRASSERIE LICORNE was supposed to split from KARLSBERG this year but it seems to be pending, maybe cancelled, not clear.

Add To RateBeer

Add A Beer
Add A Brewer
Add A Place
Add An Event

Manage Your Account

Add Premium
Edit Profile
Sign out

RateBeer Newsletter

Subscribe to our newsletter, RateBeer Weekly, a must for understanding new people, places and beers in worldwide craft culture.

Stay Connected

2000- 2017 © RateBeer, LLC. All Rights Reserved. Privacy Policy | Terms of Service