M&A Deal Summary

Constellation Brands Acquires Funky Buddha Brewery

On August 10, 2017, Constellation Brands acquired beverage company Funky Buddha Brewery

Acquisition Highlights
  • This is Constellation Brands’ 18th transaction in the Beverages sector.
  • This is Constellation Brands’ 14th transaction in the United States.
  • This is Constellation Brands’ 1st transaction in Florida.

M&A Deal Summary
Date 2017-08-10
Target Funky Buddha Brewery
Sector Beverages
Buyer(s) Constellation Brands
Deal Type Add-on Acquisition

Target

Funky Buddha Brewery

Oakland Park, Florida, United States
Funky Buddha Brewery is a beverage manufacturer that specializes in packaging and distribution of crafted beers to retailers, bars and restaurants. Funky Buddha Brewery was established in 2010 and is based in Oakland Park, Florida.

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Buyer(S) 1

Buyer

Constellation Brands

Victor, New York, United States
Category Company
Founded 1945
Sector Beverages
Employees10,000
Revenue 10.0B USD (2024)
DESCRIPTION

Constellation Brands is an international beverage alcohol company with many products recognized as leaders in their respective categories and geographic markets. The Company is the third-largest producer and marketer of beer for the U.S. market and the world’s leading premium wine company with a leading market position in the U.S. and Canada. Constellatino's wine portfolio is complemented by select premium spirits brands and other select beverage alcohol products. Constellatino is also the largest multi-category supplier (beer, wine and spirits) of beverage alcohol in the U.S. Contellation's customers include wholesale distributors, retailers, on-premise locations and government alcohol beverage control agencies. Constellation Brands was incorporated in 1945 and is based in Victor, New York.

DEAL STATS #
Overall 19 of 28
Sector (Beverages) 18 of 26
Type (Add-on Acquisition) 10 of 13
State (Florida) 1 of 1
Country (United States) 14 of 21
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 Schrader Cellars

Calistoga, California, United States

Schrader Cellars is a producer, marketer and supplier of wines. Schrader Cellars was established in 1998 and is based in Calistoga, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 Canopy Growth

Smiths Falls, Ontario, Canada

Canopy Growth is a diversified cannabis company, offering distinct brands and curated cannabis varieties in dried, oil and capsule forms. Through its wholly-owned subsidiaries, Canopy Growth operates numerous state-of-the-art production facilities with over half a million square feet of GMP-certified indoor and greenhouse production capacity, all to an unparalleled level of quality assurance procedures and testing. Canopy Growth has established partnerships with leading sector names in Canada and abroad, with interests and operations spanning four continents. The Company is proudly dedicated to educating healthcare practitioners, providing consistent access to high quality cannabis products, conducting robust clinical research, and furthering the public's understanding of cannabis. Canopy Growth was founded in 2009 and is based in Smiths Falls, Canada.

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