New Belgium leads group to purchase San Francisco brewery

Facebook Twitter Google+ LinkedIn Email PrintFORT COLLINS — New Belgium Brewing Co. and a group of partners have purchased San Francisco-based Magnolia Brewing Co. The purchasing group features New Belgium as the majority partner, with Dick Cantwell, founder of Elysian Brewing Co., and the brewery Oud Beersel as minority partners. The Magnolia Brewing assets were purchased as part of a bankruptcy proceeding, according to a news release. The deal cost New Belgium $2.7 million. The…