Craft brewer kings & convicts brewing co. to acquire ballast point

Chicago and victor, n.y., dec. 03, 2019 (globe newswire) -- chicagoland-based kings & convicts brewing co. and constellation brands, inc. (nyse: stz and stz.b), a leading beverage alcohol company, announced today that kings & convicts has signed an agreement with constellation to acquire the ballast point brand and a number of its associated production facilities and brewpubs, excluding constellation’s craft & specialty operations in daleville, virginia. this transaction is expected to close by the end of constellation’s fiscal 2020.
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