Who owns Ballast Point Brewing Company?
Ballast Point Brewing Company is an American brewery founded in 1996 by Jack White in San Diego, California. Ballast Point Brewing Co. started in the back of Home Brew Mart, a homebrew supply store White founded in 1992.
Who is the CEO of Ballast Point?
In 2012 Jim Buechler became the company's president and general manager, and in June 2015 he became president and CEO, leaving White with the title of Founder. Cherney is the company's chief operations officer and head brewer. In October 2015 Ballast Point Brewing & Spirits Inc. filed an initial public offering of stock.
Does constellation own Ballast Point?
Constellation owns Modelo’s U.S. beer business, plus numerous wineries. Since buying Ballast Point, the corporation acquired Florida’s Funky Buddha Brewery and Dallas’ Four Corners Brewing. Founded in 1996, Ballast Point began as a side venture at Home Brew Mart, a popular supply shop for home brewers.
What is Ballast Point known for?
In 2010, Ballast Point won three gold medals for their beers, as well as the "Small Brewery Champion" award, at the World Beer Cup. In 2013 and 2014, Ballast Point's distillery arm was named the California Distillery of the Year two years in a row at the New York International Spirits Competition.
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Does Kings and convicts own Ballast Point?
In December 2019, it was announced that Kings & Convicts had purchased San Diego-based Ballast Point Brewing Company from its previous owner Constellation Brands.
Does Constellation Brands own Ballast Point?
VICTOR, N.Y., March 02, 2020 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ. B), a leading beverage alcohol company, today announced that it has completed the sale of Ballast Point to Kings & Convicts Brewing Co.
Who did kings and convicts buy?
Ballast PointKings & Convicts, a privately held company, will take over the roughly 50,000-square-foot brewery in Miramar. In Dec. 2019, Kings & Convicts announced the acquisition of Ballast Point from beverage giant Constellation Brands.
What constellation sold Ballast Point for?
$1 billionConstellation bought Ballast Point for $1 billion, adding one of the most well-respected names in craft beer to its deep portfolio.
How much did Ballast Point sell 2019?
Constellation Brands sold Ballast Point for USD 41.1 million. The figure was disclosed in its latest government filing.
How much did Stone brewery sell for?
around $168 millionannounced that Sapporo USA is set to acquire California-based Stone Brewing Co. for around $168 million. Stone will leave its mantle as the ninth-largest independent craft brewery in the U.S. with the deal, which is set to close in August.
How much did St Archer sell for?
It was called Saint Archer brewing company of San Diego. It was sold to Miller-Coors they estimate, and they did really good calculation. They estimated you sold for more than $35 million.
Why is it called Ballast Point?
The company takes its name from Ballast Point, a historically important site on San Diego Bay in Point Loma. By 2004, Ballast Point had outgrown its back room location and moved into a larger production brewery in Scripps Ranch.
Who owns Saint Archer?
Tenth and Blake Beer CompanySaint Archer Brewing / Parent organization
Who owns Ballast Point Longbeach?
Ballast Point is being sold to Illinois' tiny Kings & Convicts Brewing, which will move its headquarters to Ballast Point's hometown of San Diego. For the second time in four years, Ballast Point — a San Diego craft beer pioneer that became one of the area's largest breweries — has been sold.
What is the Ballast Point logo?
SEXTANT. Often, we are asked to explain the symbol in our logo. The sextant is a navigational device used to measure a star's angle relative to the horizon, historically used as a nautical tool to help determine a boat's position.
How much did Cutwater spirits sell for?
$1 billionThe parties didn't disclose terms of the deal but Cutwater founder Yuseff Cherney has said he and his management team will stay on. His former boss at Ballast Point, Jack White, sold the brewery for a whopping reported $1 billion. The brand performed staggeringly well for a few quarters but has since stagnated.
What happened to Ballast Point Virginia?
Ballast Point is closing its taproom and restaurant in Botetourt County. The production facility, however, will continue to operate in the county. The Daleville restaurant and other front end services will close September 29. The move impacts 25 full- and part-time positions and 16 temporary employees.
Who did Stone Brewing sell to?
Sapporo USASapporo USA has completed its $165 million buyout of Stone Brewing Co. — marking the end of an era for the San Diego region's largest craft brewery.
What company owns Cutwater?
Anheuser-BuschBorn as a side project in a brewery, Cutwater later broke off on its own and was later bought by Anheuser-Busch to capitalize on nationwide distribution and marketing. Its sales are reportedly up 640 percent since 2017.
Who owns Sierra Nevada?
Ken GrossmanSierra Nevada Brewing Company / OwnerKen Grossman is an American billionaire businessman, founder of Sierra Nevada Brewing Company. Wikipedia
Who owns Ballast Point Brewing Company?from en.wikipedia.org
The brewery was sold to Constellation Brands for $1 billion in 2015. Its distillery business was spun off to a new company, Cutwater Spirits, in 2017 and subsequently purchased by Anheuser-Busch in 2019.
What are the boundaries of Ballast Point?from southtampamagazine.com
Boundaries: The boundaries of the neighborhood are south of Gandy Boulevard, east of MacDill Avenue (including both sides of MacDill Ave), north of MacDill Air Force Base and west of Hillsborough Bay.
Why did Marty Birkel leave Ballast Point?from en.wikipedia.org
By July 2016, four of the founders of the company, including founder White, chief operating officer Cherney, and CEO Buechler, left the company to "pursue other interests". Marty Birkel was named the new president of the brewery. The departures reportedly stemmed from disputes with the new owner, Constellation Brands, over the status of Ballast Point's distilled spirits operation, which was not part of the sale. After leaving Ballast Point, White and Cherney moved the spirits operation to Cutwater Spirits, a new company they founded in 2017.
What is North Star IPA named after?from ballastpoint.com
Surprised to hear this easy-drinking beer came in at 7%, he was inspired to name it after a fish that also packs a sting: Sculpin.
How many spirits does Ballast Point have?from en.wikipedia.org
The Ballast Point Spirits family eventually included 14 spirits, as well as 2 cocktail mixers: Bloody Mary and Mai Tai. Ballast Point tasting room in San Diego, Little Italy, 2016. White served as CEO from the company's inception in 1992 until 2015.
When did Ballast Point outgrown Scripps Ranch?from en.wikipedia.org
By the end of 2013, Ballast Point had outgrown Scripps Ranch. In mid-2014, Ballast Point finished construction on a 107,000 square foot brewery in the Miramar area equipped to support the brewery's growth.
How much is Balllast Point worth?from en.wikipedia.org
Meanwhile, Balllast Point's trademark value had dropped over 90 percent from $223 million in January 2018 to $17 million in October 2019. As of December 2019, they sold 16 different styles of beer.
Is Constellation closing its San Francisco brewery?
In April 2019, Constellation announced it would close several locations and cancel plans for a new brewery in San Francisco. By December 2019, four years after acquiring Scuplin’s creator, Constellation sold Ballast Point to a small Chicago-based company called Kings & Convicts Brewing Co. It sold at a loss of a few hundred million dollars. (Then again, once I tried to resell my 1996 Toyota Corolla and ended up paying for it to be moved and destroyed. It happens.)
Is Ballast Point a brewery?
What better to celebrate, or erase, the memory of your third visit to “It’s a Small World” than (so much) beer? In late 2018 Ballast Point opened at DisneyLand, becoming the first brewery to launch a location in the Disney Park universe. Technically a part of “Downtown Disney” (which sounds like a place you can get hassled by an ornery off-the-clock Mickey Mouse), the Ballast Point brewpub includes an R&D brewery, an outdoor beer garden, and a restaurant, according to a press release.
Is Ballast Point on the Big Bang Theory?
Not because they weren’t Chuck Lorre fans. Ballast Point and its fairly recognizable label were on an episode of “The Big Bang Theory” back in late 2015 (you know, the one where nerdery and hilarity collide). Some beer fans hailed the product placement as a good thing, e.g., “Raj couldn’t be drinking a better beer,” while others maybe not inaccurately decried the non-crafty vibe of product placement on a major network. (Fellow San Diego craft brewery Stone has also made more than a few TV cameos).
What brewery did Ballast Point buy?
Since buying Ballast Point, the corporation acquired Florida’s Funky Buddha Brewery and Dallas’ Four Corners Brewing. Founded in 1996, Ballast Point began as a side venture at Home Brew Mart, a popular supply shop for home brewers.
How many barrels of ballast point beer are there?
Sales initially rose, but Ballast Point peaked in 2016 at almost 431,000 barrels (one barrel of beer equals 31 gallons). By 2018, production had dropped to 320,000 barrels. Kings & Convicts said Tuesday that 2019 sales should “surpass 200,000 barrels,” conceding a further decline.
Is there a small independent brewery?
This time, though, a tiny independent brewery is assuming ownership of a fading brewery that was once one of American craft beer’s rising stars.
Who is Joshua Bernstein?
“When it rolled out into New York City, everyone went for it,” Joshua Bernstein, a Brooklyn-based beer writer, told the Union-Tribune in 2016. “That lush, tropical, stinging profile was unique — it increased the possibilities of what brewers could do with the IPA.”
Does the Los Angeles Times have promotional material?
You may occasionally receive promotional content from the Los Angeles Times.
Is Ballast Point sold?
For the second time in four years, Ballast Point — a San Diego craft beer pioneer that became one of the area’s largest breweries — has been sold.
What Breweries does kings and convicts own?
Kings and Convicts Brewing Co. owns two breweries in Australia: one in Perth and one on the NSW Central Coast.
Who owns Saint Archer?
Saint Archer Brewing Company was started in 2013 by a group of friends that included skateboarders, snowboarders, and surfers. The company was later acquired by MillerCoors.
What is the largest craft brewery in the United States?
The largest craft brewery in the United States is Sierra Nevada Brewing Co. located in Chico, California.
How much debt does Stone Brewing have?
The exact amount of debt that Stone Brewing has is not public information. However, the company has been reported to have approximately $74 million in debt as of 2016.
Is Ballast Point Independent?
No, Ballast Point is not independent. It was acquired by Constellation Brands in 2015.
Is Cutwater spirits Ballast Point?
Cutwater Spirits is a distillery founded in 2006 by Jack White and Yuseff Cherney, who were former employees of Ballast Point Brewing Company. The distillery is located in San Diego, California.
Who owns the Ballast Point brand?
Ballast Point was famously bought for $1 billion four years ago by Constellation Brands, whose Chicago-based beer business owns the American rights to top Mexican brands that include Modelo, Corona and Pacifico. Ballast Point quickly became an albatross for Constellation, struggling to grow and adapt to its larger owners.
Where is Ballast Point beer made?
Watters said Ballast Point beer would eventually be made at Kings & Convicts’ brewery in Wisconsin and Kings & Convicts’ beer would be brewed at Ballast Point’s San Diego location for export to his native Australia.
What does Watters want to see in Ballast Point?
He wants to see Ballast Point “act like a small brewer again and see where it goes.”
How many states does Ballast Point have?
Ballast Point is distributed in 49 states. Watters said the brand will honor existing distribution contracts, but will focus efforts on core markets, including California, Illinois, Washington state and its international business. All existing Ballast Point facilities will remain open, he said, and sales, marketing and human resources staff — all gutted under Constellation — will be rebuilt, he said.
When did Goose Island Beer Co. buy Goose Island?
Brewery sales have become common since Anheuser-Busch bought Chicago’s Goose Island Beer Co. in 2011, a deal that sparked an era of consolidation as large beer companies sought to get a piece of the growing craft beer industry.
Who announced the deal with Ballast Point?
Watters, who was in San Diego Tuesday to announce the deal to Ballast Point staff, said he told workers there not to worry about the fact they haven’t heard of Kings & Convicts.
Is the Beer Marketer's Insights deal consummated?
Industry newsletter Beer Marketer’s Insights reported that the deal was consummated for a “surprisingly low price.”
How much is Ballast Point worth?
According to Constellation's most recent quarterly filing, it valued Ballast Point at just $17 million. Yikes. Ballast Point will fall under the definition of "craft" again, which will likely make craft beer aficionados and fans of Ballast Point's flagship Sculpin IPA happy.
What does it mean to sell Ballast Point?
It means beer as an investment -- at least here in the U.S. -- is a tough nut to crack. Constellation selling off Ballast Point means it's the smartest mega-brewer around -- the company realized its mistake, admitted it, and moved on.
Who is Nicholas from Motley Fool?
Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors. He is also the founder and president of Concinnus Financial, a Registered Investment Advisor based in Spokane, WA.
