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Corona's $7.3 billion parent company acquired a beloved craft brewer — and furious customers are threatening to ditch the beer
Kate Taylor - Business Insider
(Funky Buddha is known as one of the best craft brewers in the US.Flickr/FunkyBuddhaBrew) Another beloved craft brewer has been acquired by a beer industry giant.
On Thursday, Constellation Brands — the parent company of Corona and Modelo — announced its acquisition of craft brewery Funky Buddha.
Funky Buddha is the fastest-growing craft brewery in Florida, winning over beer fans with brews like the Florida Hefeweizen and Hop Gun IPA. The brewer was founded in 2010, in Boca Raton, Florida.
Funky Buddha's acquisition by the third-largest beer company in the US, with Constellation racking in $7.3 billion in sales in 2016, is a controversial decision in craft beer circles.
Many fans of Funky Buddha spoke out against the deal on social media. Click Here To Read More!
