The Globe Newswire reports that Kings & Convicts Brewing Co. signed an agreement with Constellation Brands Inc. to acquire the Ballast Point brand and a number of its associated production facilities and brewpubs.
Kings & Convicts Brewing Co. is based out of Chicago.
The company’s Daleville operations are excluded from the deal, the article said.
According to the Globe Newswire’s article, the transaction is expected to close by the end of Constellation’s fiscal 2020 year.
The move comes after the company’s popular restaurant and tasting room in Botetourt County closed at the end of September.