Constellation Brands today announced the acquisition of Oakland Park, FL based Funky Buddha Brewery, reinforcing its strategy to lead the high-end beer segment in the United States. They are best known for Mexican import labels Corona and Modelo, before its $1 billion purchase of San Diego craft brewery Ballast Point in November 2015.
Sales of Funky Buddha beer increased 41 percent last year as the brewery sold 26,939 barrels of beers, according to data from the Brewers Association (BA). Funky Buddha, which ranked as the second-largest BA-defined craft brewery in Florida, behind Cigar City, is capable of scaling up to 45,000 barrels annually.
RyanSentz, who founded the brewery in 2010, and his brother, KC Sentz, will continue to run the brewery’s day-to-day operations while working with Constellation’s team.
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