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New Belgium Brewing Group Acquires San Francisco’s Magnolia Brewing Company

New Belgium Brewing Group Acquires San Francisco’s Magnolia Brewing Company

Press Release Elysian Founder Dick Cantwell is Back in the Brewing Biz, and Belgium’s Oud Beersel Plans to Help Establish World’s First Dedicated Lambic Blendery Outside Belgium (SAN FRANCISCO/FORT COLLINS) A group led by New Belgium Brewing Company has entered into an agreement to purchase the assets of San Francisco’s iconic Magnolia Brewing as part of a bankruptcy proceeding. The newly-formed partnership will be a majority-owned subsidiary of New Belgium, with Elysian Founder Dick Cantwell and Belgian lambic producer Oud Beersel as minority partners. The partnership will continue to operate both Magnolia locations with existing staff and brands. Cantwell will head...

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