quote:Originally posted by jburman82:quote:Originally posted by vinole:
Ballast Point is being bought by Constellation Brands (owns Corona and Modelo) for $1B. BP filed to begin an IPO a month ago, but Constellation came in and made the purchase.
Thats a staggering number. Are they pumping out that much beer or is Constellation paying a huge premium to try and keep up with Inbev?
Yes, it is more than 8x current annual revenue of 115 million. You have to have fast growth and big margins for it to make any sense. Constellation is also in the wine and spirits space as they own Mondavi and Svedka.