New Belgium: possibly one in a string of craft-beer acquisitions into 2020
FORT COLLINS — Last Tuesday, New Belgium Brewing Co. co-founder Kim Jordan made a surprise announcement that the Fort Collins brewery would sell itself to Australian beverage company Lion Little World Beverages, a subsidiary of Japanese firm Kirin Co. Ltd.
But while the sale of the United States’ fourth-largest brewery seemed to come out of the blue for fans, the economics of the craft-beer industry has created an environment where brewing behemoths are aggressively snapping up independent craft brewers, and could continue to do so into 2020.
Slowing growth
Brewers Association chief economist Bart…
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