Constellation Brands announced today the acquisition of its third craft brewery, Four Corners Brewing. The Texas brewery joins Ballast Point Brewing in San Diego and Funky Buddha Brewery in Florida to the Constellation craft portfolio.
Founded in 2012, Four Corners has been a quick growing company and currently sells about 11,500 bbls. According to a press release, the company has capacity to produce 25,000 barrels annually.
The purchase of Four Corners was a strategic one in a number of ways. The three states of California, Florida and Texas where Constellation now owns a craft brewery account for nearly half of all Constellation beers sales. Four Corners is also a cross-cultural craft beer brand, appealing to the Hispanic consumer, which fits nicely with Constellation’s Corona and Modelo brands.
Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today its purchase of Four Corners Brewing LLC (“Four Corners”), reinforcing its strategy to lead the high-end in the U.S. beer market. Grounded in Texas roots and heritage, this high-performing, dynamic and bicultural (Hispanic and American) brand produces beer that’s refreshing, big on flavor and complements Constellation’s existing portfolio. With flagship brands like Local Buzz Honey-Rye Golden Ale and El Chingón IPA, Four Corners will join Constellation’s Craft & Specialty Beer Group.
Four Corners was founded in 2012 by longtime friends George Esquivel, Greg Leftwich and Steve Porcari, who set out to create a Dallas brewery that would elevate their hometown and revitalize their city’s neighborhoods. Four Corners brews an entire portfolio of authentic, delicious and sessionable beers accompanied by one-of-a-kind branding inspired by their Oak Cliff roots.
Four Corners’ standard of brewing will remain unchanged because the existing management team made up of Esquivel, Leftwich and Porcari, along with their current employees, will continue delivering the same innovative and fresh flavors consumers enjoy today.
Visual Communications in 2015 winning gold for packaging design and gold for Judge’s Choice.
Constellation Brands and Four Corners’ team of employees will work together, with its cofounders, running the day-to-day operations. Terms of the transaction were not disclosed.