Constellation Brands Agrees to Sell Funky Buddha Brewery to Co-Founders
27 May 2023 - 6:28AM
Dow Jones News
By Sabela Ojea
Funky Buddha Lounge & Brewery said Friday that Constellation
Brands has agreed to sell the beer company to its original
co-founders.
The reacquisition of the company, bought by the beverage group
Constellation Brands in 2017, is targeted for June.
Funky Buddha Brewery's flagship beer portfolio, including
Floridian and Hop Gun, will remain available for distribution, the
company said.
"As we embark on the next chapter, we plan to push boundaries
and create entirely new drinking experiences in beer and beyond,"
Co-Founder Ryan Sentz said.
The company didn't disclose financial details on the
transaction.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
May 26, 2023 16:13 ET (20:13 GMT)
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