Just one month after Dallas-based Deep Ellum Brewing Co. was acquired by CANarchy Craft Brewery Collective, Constellation Brands, Inc. has purchased Four Corners Brewing.
The Dallas-based brewery will join Constellation’s Craft & Specialty Beer Group, which also includes Ballast Point Brewing Co.—which the company purchased in late 2015— and Funky Buddha Brewing, which was purchased last year.
“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 George Esquivel, Four Corners co-founder, in a press release. “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.”
Constellation Brands is the third largest beer company in the U.S., owning the American rights to the Corona and Modelo brands. It is also a major player in the wine industry with the Robert Mondavi, Clos du Bois and Kim Crawford brands among others. In addition, the company’s spirits brands include both SVEDKA Vodka and Black Velvet Canadian Whisky, and it purchased Casa Noble Tequila in 2014 in a deal valued at over $1 billion.
Founded by partners Esquivel, Greg Leftwich and Steve Porcari in 2012, Four Corners is now the fifth largest brewery in north Texas and expanded capacity from 8,000 barrels in 2016 to 25,000 barrels in 2017.
According to the press release, all of Four Corners’ employees will retain their current positions and the brewery’s the day-to-day operations will remain unchanged.
Terms of the transaction were not disclosed.