You are a few years behind the merger and acquisition market conditions.
The ballast point buy out by constellation brands was probably very much the peak of the craze around craft breweries.
Ballast point was very savy in increasing their unit sales numbers. That 12$ a 6 pack in the California market was unheard of at the time and made sales projections go off the charts.
Of course it was bullshit and unsustainable but their investors took it line and sinker..
The sheer amount of competition with thousands of breweries all over, to me means its a good local business (lifestyle in hn lingo), and a very tough regional business it you want to grow.
The ballast point buy out by constellation brands was probably very much the peak of the craze around craft breweries.
Ballast point was very savy in increasing their unit sales numbers. That 12$ a 6 pack in the California market was unheard of at the time and made sales projections go off the charts.
Of course it was bullshit and unsustainable but their investors took it line and sinker..
The sheer amount of competition with thousands of breweries all over, to me means its a good local business (lifestyle in hn lingo), and a very tough regional business it you want to grow.