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Craft brewer buying Ballast Point from Constellation Brands

Constellation Brands is selling Ballast Point Brewing Co. to Ill. craft brewer Kings & Convicts for an undisclosed amount, four years after it acquired Ballast Point for $1 billion. The deal includes Ballast Point's associated production facilities and brewpubs and is expected to close by the end of Constellation's 2020 fiscal year.

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