Chicago microbrewery buys one of the biggest names in craft beer

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Four years ago, Southern California craft brewer Ballast Point was sold for $1 billion. The person who bought it also owned Corona, Pacifico and Modelo. But last week, that owner sold it again to a tiny Chicago brewery called Kings & Convicts, which many locals hadn’t heard of. 

Credits

Guest:
Josh Noel - Chicago Tribune; author of “Barrel-Aged Stout and Selling Out: Goose Island, Anheuser-Busch and How Craft Beer Became Big Business"

Host:
Madeleine Brand

Producers:
Sarah Sweeney, Michell Eloy, Amy Ta, Alexandra Sif Tryggvadottir, Rosalie Atkinson, Rebecca Mooney, Brian Hardzinski