Constellation Brands (NYSE: STZ) is expanding in the craft beer market by buying privately-held Ballast Point Brewing & Spirits for $1 billion.

Ballast, founded in 1996, offers more than 40 different styles of craft beer under its Sculpin IPA and Grapefruit Sculpin IPA brands. The San Diego-based target is expecting to close out 2015 with around $115 million in sales and is on track to sell about four million in cases of beer, which would represent 100 percent growth from 2014. Ballast has four production facilities in California and distributes across 30 states.

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