One of South Florida’s most well-known breweries was just sold to Constellation Brands, the third-largest beer brewer in the United States. Funky Buddha Brewery is located in Oakland Park and was one of the fastest-growing craft brewers in the state. Constellation Brands owns such brands as Corona Extra and Modelo Negra. The sales price was not disclosed.
Funky Buddha Brewery became known in the craft world for its innovative and unique flavors. As well as its expansive growth in recent years. This continues the trend of large, corporate breweries purchasing smaller craft start-ups in order to penetrate a local market. The good news is that with expanded production and distribution capabilities, Funky Buddha will now be able to be enjoyed by consumers nationwide rather than just South Florida residents.
Source: Miami Herald, August 2017