New Belgium Re-Calibrates

May 31, 2013 Dear Client: As briefly reported earlier this week, New Belgium is pushing back the groundbreaking of their new brewery in Asheville by at least 8 months as they add capacity to their Fort Collins brewery to carry them through 2015. That has raised a few eyebrows in the industry as it's no secret that their flagship Fat Tire is seeing mid-single digit declines in several regions IRI tracks (food stores, ytd), except newer rollout regions like the