New Belgium Acquiring a Constellation Facility in Virginia; Will Co-pack Fresca Mixed and More

Dear Client:  Breaking news: New Belgium has just announced an agreement to buy Constellation's 260,000 square foot production facility in Daleville, Virginia -- and co-pack some STZ brands, to boot. The deal should close in early May. Note, "this agreement pertains to the facility itself and will include offers for continued employment by New Belgium for all current employees, but the acquisition does not include any brands," New Belgium announced just now.  Obviously, the Colorado-born brewer needs the plant (it's