Rumblings of a potential Funky Buddha purchase have been rolling around for a while. Today the rumors are now fact – Constellation Brands has acquired Florida’s Funky Buddha.
Constellation made a splash in 2015 with the $1 billion dollar acquisition of Ballast Point. Today, Constellation’s Craft & Specialty Beer Group. gains offerings like Hop Gun, Maple Bacon Coffee Porter, and Last Snow.
We chose to partner with Constellation because we saw an alignment in vision and felt they gave us the greatest opportunity for growth and development. Constellation and Funky Buddha share a lot of the same ideals and passion for philanthropy, entrepreneurship and the art of craft beer. At the end of the day, we just really like the people we have met within the organization, each of whom share our dedication to making outstanding beer.” – Funky Buddha Head Brewer and President Ryan Sentz
Funky Buddha Lounge & Brewery was started in 2010. Today their capacity hovers around 45,000 barrels annually.
The terms of the deal were not disclosed