Constellation Brands acquires Texas craft brewer Four Corners Brewing
Four Corners was founded in Dallas in 2012 by George Esquivel, Greg Leftwich and Steve Porcari. Its beers include Local Buzz Honey-Rye Golden Ale and El Chingón IPA.
Four Corners will join Constellation Brands’ Craft and Specialty Beer Group. “This high-performing, dynamic and bicultural (Hispanic and American) brand produces beer that’s refreshing, big on flavor and complements Constellation’s existing portfolio,” says Constellation Brands.
Growing the brewery
Sales at Four Corners have grown five-fold since 2014, with the brewery expanding capacity from 8,000 barrels in 2016 to 25,000 barrels in 2017.
The brewery says it will now be able to grow further.
“We like to say that Four Corners Brewing is our collective beer journey, and partnering with Constellation continues that journey by opening amazing possibilities of where our brand and company can go,” said co-founder Esquivel.
“We’re proud Texas brewers, and we’ve always had intent of sharing our brews and our story with as many people as possible. We know Constellation Brands is the right partner to help us do that.”
Bill Newlands, president and chief operating officer, Constellation Brands, said: “This is a compelling opportunity for Constellation because Four Corners’ bicultural inspired flavors and branding capitalize on one of the hottest trends in beer – Hispanic influenced products.”
Esquivel, Leftwich and Porcari will stay with the company after the acquisition, and employees from both companies will work together running the day-to-day operations.
Terms of the transaction were not disclosed.
Constellation Brands is the number 3 beer company in the US, with Corona Extra, Corona Light, Modelo Especial, Modelo Negra and Pacifico in its portfolio. In 2015 it purchased Ballast Point Brewery, followed by Funky Buddha Brewery in 2017.