We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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Employees at the brewery purchased the remainder of the founder’s shares through the company’s Employee Stock Ownership Program.
The company has been partially employee-owned since 2000, with the controlling interest held by co-founder Kim Jordan and her family.
The remaining stock was purchased in a deal that was finalized on Dec. 28.
Jordan plans to remain CEO of Fort Collins’ largest brewery for the long-term and the current executive team is also expected to remain on-board for the forseeable future.
New Belgium is in the planning stages for a second brewery in Asheville, N.C., which is expected to begin beer production in 2015.
More than 150 hires are planned at the Asheville brewery upon full build-out.