Ballast Point is among the first to announce such a plan. In an announcement on Twitter Wednesday, the San Diego-based brewery cited “the winter months ahead and our ability to generate revenue significantly impacted with limited capacity due to COVID-19” as the reason it will close its Fulton Market pub as of Oct.14 Oct 2020
What happened Ballast Point?
Ballast Point was also the first microdistillery in San Diego since Prohibition. 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.
Who bought Ballast Point recently?
In a major deal for the entire craft beer industry, Kings & Convicts Brewing Co. recently finalized its purchase of Ballast Point Brewing Co. (beers pictured) from Constellation Brands.7 May 2020
How much did Constellation sells Ballast Point for?
In 2015, Constellation—which was better known for wine before acquiring the popular Mexican beer brands Corona and Modelo—paid $1 billion for Ballast Point.9 Dec 2019
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Why did Ballast Point close?
The company did not give a specific reason why it was closing part of the facility beyond saying that “growth in craft beer is being driven largely by local brands” and because of that they are “reallocating Ballast Point investments to drive growth in core local markets.”10 Sept 2019
When did Ballast Point Anaheim open?
Ballast Point, known for brews like the Grapefruit Sculpin and the Sculpin IPA, officially opened its doors January 16, with a soft open the week prior.21 Nov 2019
What is Ballast Point named after?
The Birth of the Ballast Point Name Historically, Ballast Point is the area on Point Loma in the San Diego Bay where Iberian navigator Juan Rodríguez Cabrillo brought his three ships for the first European landing on the coast of California.3 May 2021
What was Ballast Point before?
Ballast Point Brewing Co. started in the back of Home Brew Mart, a homebrew supply store White founded in 1992. As of 2015, it was the second largest brewer in San Diego County and the 17th largest brewery in the country based on sales volume.
What is the Ballast Point symbol?
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.
What company owns Ballast Point?
Kings & Convicts Brewing Co.
Does Corona own Ballast Point?
In 2015, Constellation—which was better known for wine before acquiring the popular Mexican beer brands Corona and Modelo—paid $1 billion for Ballast Point. 9 Dec 2019