Beer Business Daily – beer industry news and numbers

Breaking: Kim explains NBB move to 100% employee ownership

Dear Client:Well, another craft company has "sold": This morning New Belgium Brewing broke news that the company's Employee Stock Ownership Program (ESOP) has purchased the balance of company shares, making it 100% employee-owned. New Belgium has been a partial ESOP since 2000, with a controlling interest held by co-founder Kim Jordan and her family. Prior to this deal, New Belgium co-workers held 41% of the company's shares. Jordan plans to remain CEO for the long-term and the executive team at

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