Even as more breweries open in the country, the beer industry continues to consolidate. Earlier this morning Constellation Brands, the company behind Corona, Ballast Point Brewing Co., wineries such as Mondavi, and spirits companies such as SVEDKA Vodka, announced that it has purchased Florida’s Funky Buddha Brewing Co.
The terms of the deal were not announced.
“Constellation and Funky Buddha share a lot of the same ideals and passion for philanthropy, entrepreneurship, and the art of craft beer,” said Funky Buddha Head Brewer and President Ryan Sentz in a press release. “At the end of the day, we just really like the people we have met within the organization, each of whom shares our dedication to making outstanding beer.”