New Belgium Brewing Company is an American craft beer company owned by Kodiak Cakes, an American baking company based in Park City, Utah. Until November 2020, New Belgium was employee owned. It has been a leader in the craft beer industry, consistently ranked among the top craft breweries in the United States by sales volume since its founding in 1991.
New Belgium is headquartered in Fort Collins, Colorado, and is best known for such beers as its flagship brand, Fat Tire Amber Ale and its popular sours, such as the sour beer, La Folie. Its beers are distributed in 44 states and 3 Provinces throughout Canada.
Beyond beer, New Belgium Brewing is also committed to curing social ills. It created a charitable foundation, called the New Belgium Family Foundation, to raise funds for projects focused on health and sustainability, as well as a non-profit bike advocacy organization, Bicycles for People, which provides access to cycling for those who need it most.
In November of 2020, New Belgium Brewing was acquired by Kodiak Cakes, a 100-year-old baking company known for its healthy, outdoor-inspired food. Kodiak Cakes is committed to creating products that are “inspired by the outdoors and rooted in economic, environmental and social responsibility”, and according to their CEO Matt McMillan, their acquisition of New Belgium Brewing provides an opportunity to use the company’s scale and vision to bring the messages and philosophy to an even larger audience.
How much is New Belgium Brewery worth?
New Belgium Brewery is a craft brewery based in Fort Collins, Colorado. According to Forbes, it is the fourth-largest craft brewery and the tenth-largest U. S. craft brewer in overall volume sales. As of 2021, the brewery is worth over $1 billion.
This figure includes brewery sales, sponsored events, and merchandise, as well as the value of ASBC (American Society of Brewers), the trade group that represents craft brewers in the US. When New Belgium Brewery was founded in 1991, its founders Lou and Kim Jordan sold their first beer – an amber ale – for $2.
50 per six-pack. Since then, the brand has grown steadily. In 2016, the brewery was sold to Anheuser-Busch InBev for an estimated $600 million. In addition to its primary brewing site in Colorado, the company has two other brewery locations – one in Asheville, North Carolina, and another located in Belgium.
With operations spanning across the United States and Europe, the value of New Belgium Brewery is estimated to be close to $1 billion.
Is New Belgium a craft?
Yes, New Belgium Brewing is an American craft brewer. It was founded in 1991 in Fort Collins, Colorado, and today is the fourth largest craft brewer in the United States. Led by co-founders Kim Jordan and Jeff Lebesch, New Belgium has won multiple awards for their beers, including the coveted GABF Gold Medal for Fat Tire Amber Ale and their sour ales, La Folie and Transatlantique Kriek.
New Belgium produces a variety of craft beers in Fort Collins, as well as in its second facility in Asheville, North Carolina. They focus on quality, sustainable brewing, operating on 100% wind power and committing 1% of their sales towards environmental initiatives.
The company is also active in their local communities and focuses on giving back through social and environmental programming. With uniquely crafted beers that span from southern staples to Belgian-style ales, there’s no disputing New Belgium as a craft brewery.
Is New Belgium still employee owned?
Yes, New Belgium Brewing is still employee owned. In 2000, New Belgium transitioned to becoming an employee-owned company. The transition to becoming an employee-owned company was led by co-founder, Kim Jordan.
Employees are able to buy shares through an ESOP (Employee Stock Ownership Plan), which is offered to all employees who have worked with the company for at least one year. Each year, all eligible employees receive a financial statement which outlines their ownership percentage and total Value of Personal Equity (VPE) at the end of that year.
Employees are also eligible to participate in an incentive program that rewards employees for innovations and efficiency, providing an extra incentive for all employees to take ownership of their role and drive growth for the company.
What beers does New Belgium make?
New Belgium Brewing Company produces a wide variety of beers, ranging from pilsners, IPAs, lagers, sours, and more. Some of the most popular beers brewed by New Belgium include Fat Tire, Voodoo Ranger IPA, 1554, and Citradelic.
Other beers offered by New Belgium include hoppy beers such as Rampant IPA and Ranger IPA, refreshment-style beers such as Mural Agua Fresca and Voodoo Ranger Juicy Haze, and Belgian-style ales such as Abbey, Abbey Grand Cru and Trippel.
They also offer a range of innovative seasonals and limited releases, like their Rocky Mountain IPA and Yuzu Berliner. To explore all of New Belgium’s delicious beers, visit their website to find more details and tasting notes.
Do they still make Fat Tire beer?
Yes, Fat Tire beer is still being brewed by the New Belgium Brewing Company. Founded in 1991, New Belgium Brewing is based in Fort Collins, Colorado, and has become one of the largest craft brewers in America.
The company still produces its flagship Amber Ale, which is now dubbed Fat Tire Belgian Style Ale. This beer is recognizably coppery with an aroma of toasted malts and a mild sweet taste with notes of fruity yeast and light caramel.
Fat Tire is a well-balanced beer with a smooth finish. It remains one of the top-selling craft beers in America and can be found on draft and in cans and bottles across the United States.
What role does employee ownership play in New Belgium brewing Sustainability Initiative?
Since its founding in 1991, New Belgium Brewing Company has been a pioneer in sustainable business practices. In 1996, they became the first carbon-neutral brewery in the United States. In 2000, they were the first U. S.
craft brewery to offer employee ownership. New Belgium is 100% employee-owned and operated. This means that all employees have a financial stake in the company and are invested in its long-term success.
The employee ownership model has played a key role in New Belgium’s sustainability initiatives. Employee-owners are more likely to be engaged in and committed to environmental, social, and governance (ESG) issues.
They also have a say in how the company is run and can hold management accountable for making sustainable choices.
New Belgium’s employee-owners have been involved in a number of sustainability initiatives over the years. In 2005, they helped the company launch its Greener Purposes Program, which reduces the company’s impact on the environment.
They’ve also been involved in initiatives to reduce water use, energy use, and waste.
The employee ownership model has helped New Belgium Brewing Company become a leader in sustainable business practices. Employee-owners are invested in the company’s long-term success and are committed to making it a more sustainable business.
How many employees does New Belgium Brewery have?
New Belgium Brewery currently has around 600 employees. The company, which was founded in 1991, is headed by CEO and Co-Founder Kim Jordan and is located in Fort Collins, Colorado. In addition to its headquarters in Fort Collins, the company operates breweries in Asheville, North Carolina and Denver, Colorado.
New Belgium is the fourth-largest craft brewery in the U. S. All of their beers are certified as either organic or independently aligned with the Beer Institute’s packaging and advertising standards.
By the end of 2017, the brewery’s total staff size was 660 people. The brewery’s current team consists of people who come from all walks of life, with over 38 different nationalities and languages represented.
Employee perks include unlimited Fat Tire beer, a free ten-week sabbatical for anyone who has been with the company for seven years or more, and the company’s use of 100% renewable energy. New Belgium Brewery is an employee-owned company and their mission is to create great beers in an employee-and-sustainability focused atmosphere.
What does ESOP mean to employees?
An Employee Stock Ownership Plan (ESOP) is an employee benefit plan that allows employees to either directly or indirectly own shares of their company’s stock. They can usually purchase the shares at a discounted rate, and depending on the company’s structure, may receive dividend payments and be able to vote for stockholders.
In addition to potentially earning a return on their investment, ESOPs provide several other benefits for employees. It gives them an incentive to work harder because they’re more invested in their company’s success.
They’re also more likely to stay longer with the company, as they’re now part owners in it.
From a tax standpoint, an ESOP allows employed owners to make tax-deferred contributions that benefit not only the employee but the company itself. Employees can sell their shares in the ESOP at any time, making it an excellent way for them to build up their retirement portfolio.
Overall, an ESOP is a great way for employees to become part owners of their company without having to personally invest in buying stock. It provides many potential benefits with minimal risk, making it an attractive way for businesses to reward their employees.
What is classified as a craft beer?
Craft beer is a type of beer that is brewed by independent, often small, and traditional breweries. It is made with traditional ingredients, such as malted grain, hops, water and yeast which are often sourced from nearby areas.
The fermentation process of these beers is often longer than that of mass-produced beers, allowing for a richer flavor. While craft beers do often have high alcohol content, this isn’t always the case, as the increasing variety of craft beer styles has lead to a wider selection of brews with more moderate alcohol content.
Many craft beers also feature unique and creative flavors, as brewers often add imaginative ingredients such as coffee, chocolate, herbs, spices and fruits. Craft beer is often referred to as “microbrews” due to the small batch production process, with some breweries choosing to produce only a limited amount of beer at a time.
Craft beer has grown in popularity in the last several decades, with people around the world celebrating the diverse and flavorful aspects of this type of beer.
What is the difference between craft and regular beer?
Craft beer is defined as a beer that is brewed in a traditional or non-mechanized way with a focus on taste and quality. Craft beer is often brewed in small batches and can be made with a variety of unique ingredients to create a variety of flavors.
Craft brewers often experiment with different ingredients and brewing techniques to create flavorful and unique beers.
Regular beer is usually mass-produced. These types of beers are often made with cheaper ingredients and focused more on quantity over quality. Regular beers are manufactured with more standard ingredients and processes, and often lack the variety and complexity of craft beer.
Is IPA and craft beer the same?
There is no simple answer to this question as it depends on how you define “craft beer. ” Generally speaking, craft beer is made by small, independent breweries that focus on producing unique, high-quality products.
Many of these breweries are located in the United States, but there are also many excellent craft breweries located in other countries around the world.
One key distinction between craft beer and mass-produced beer is that craft breweries use traditional brewing methods and often employ more flavorful and innovative ingredients. This results in a finished product that is richer and more complex than mass-produced beer.
IPA, or India Pale Ale, is a type of beer that was first brewed in England in the late 18th century. IPAs are typically characterized by their strong hop flavor and high alcohol content. And craft breweries often experiment with different ingredients and brewing techniques to create unique and interesting variations.
So, while IPA is a specific style of beer, it can also be considered a sub-category of craft beer. Therefore, not all IPA is craft beer, but all craft beer is IPA.
How much was Bell’s brewery sold for?
In October of 2018, Anheuser-Busch InBev (AB InBev) completed its acquisition of the iconic Bell’s brewery in Kalamazoo, Michigan. The acquisition of the craft brewery was the largest of its kind in U. S.
craft brewing history, valued at approximately $227 million. This was determined after careful analysis that included negotiations and due diligence review.
The acquisition of Bell’s meant that AB InBev gained a larger foothold in the U. S. craft beer market, and gave the brewery access to a larger network of resources and distribution capabilities. While the amount paid for the brewery has not been officially disclosed, it is believed that AB InBev paid a premium in order to secure a deal, which is in line with the premium prices paid by AB InBev in their other recent acquisitions.
It is clear that this acquisition was an important step in the process of modernizing the brewing industry as well as helping to bring craft beers more into the mainstream. While AB InBev purchased Bell’s Brewery in a big-ticket deal, it is expected that the value of the brewery will continue to rise, pushing the price ever higher in the future.
Did New Belgium get sold?
No, New Belgium Brewing Company was not sold. The brewery was founded in 1991 by Kim Jordan and Jeff Lebesch in Fort Collins, Colorado. At the time, the brewery was a small, independent craft brewery focused on Belgian-style ales.
In the decades since its launch, New Belgium has grown to become one of the largest independent craft breweries in the United States. However, despite its success, the company remains firmly committed to maintaining its independence.
In 2015, New Belgium opened an employee stock ownership plan (ESOP). This allowed all of the company’s employees to become part-owners of New Belgium, ensuring that the brewery will remain independent.
The move also allowed Kim Jordan and Jeff Lebesch, the original founders of the brewery, to transition into retirement.
Today, New Belgium continues to operate independently, with the employees’ ownership structure in place, paving the way for the brewery’s continued success. The ESOP also allows for an adaptive and sustainable future for the company and its employees.
Does Budweiser own New Belgium?
No, Budweiser does not own New Belgium. New Belgium is an independent craft brewery that is owned by an independent group of employees. New Belgium was established in 1991 by Jeff Lebesch and Kim Jordan in Fort Collins, Colorado, and distributes beer to all 50 states.
They are considered to be one of the top craft breweries in the world, and have won numerous awards and accolades for their unique beer creations. Budweiser is owned by Anheuser-Busch InBev, a global brewing company headquartered in Belgium.
This company owns many popular brands, including Budweiser, Stella Artois, Beck’s and Corona. While both Anheuser-Busch InBev and New Belgium are beer makers, the two companies are independent of one another, and there is no corporate relationship between them.
How much did Stone sell for?
In 2015, Stone Brewing Co. announced that it had reached an agreement to sell a majority stake in the business to a group of private investors led by private equity firmRichestPeople LLC, at a sale price of $450 million.
The sale valued Stone at approximately $1 billion. The sale included three branches of Stone Brewing, including its California-based brewpubs and restaurant business, Stone Distributing Company (Stone Distributing), and its production brewing business, Stone Brewing World Bistro & Gardens (Stone World Bistro).
The investors acquired a 65% stake in Stone with the sale, while founders Greg Koch and Steve Wagner retained a 35% stake. The sale closed in early 2016.
Who bought Fat Tire?
In 2018, it was announced that the iconic craft beer, Fat Tire Amber Ale, was purchased by the world’s largest brewer, Anheuser-Busch InBev (AB InBev). The deal, which was valued at $1 billion, was finalized in late 2019, with founder and co-owner of New Belgium Brewing, Kim Jordan, leading the deal.
Along with the company’s family of flagship beers, AB InBev also acquired a selection of New Belgium’s most-loved and highest-volume specialty beers as part of the deal. This includes the iconic Fat Tire, which has gone on to become one of the best-known craft beers in the country.
The agreement also included an agreement to work together to develop new beers, meaning that New Belgium and its cooperative of more than 375 employee owners remain involved in the creative process, in the same way they have always been.
At present, Fat Tire alongside all of New Belgium’s other beers remain independently owned and operated by their brewery and brewpub partners, with distribution handled by Anheuser-Busch InBev.
What Belgian company owns Budweiser?
Anheuser-Busch InBev, a global brewer based in Belgium, is the parent company of Budweiser. Founded in 2008 following the merger of Anheuser-Busch and InBev, the company has become the world’s largest brewer, producing and distributing about 500 beer, ale, and stout brands including some of the most recognizable and popular beverages in the world such as Budweiser, Stella Artois, Corona, and Beck’s.
Anheuser-Busch InBev is headquartered in Leuven, Belgium, with operations in more than 50 countries around the world. The company employs over 200,000 people worldwide. Today, Anheuser-Busch InBev is the proud parent of the iconic Budweiser brand, having acquired the Anheuser-Busch (US brewer and distributor) portfolio in 2008.
Is Belgium a Budweiser?
No, Belgium is not a Budweiser. Budweiser is an American-style pale lager brewed by Anheuser-Busch. Budweiser is one of the most popular beers in the United States, and it is an iconic American brand.
Belgium, on the other hand, is a sovereign country located in Western Europe. It is bordered by the Netherlands, Germany, Luxembourg, and France. Belgium is known for a variety of beers. In fact, Belgium has over 180 different beers, and the country is home to some of the world’s most renowned and respected breweries.
Many of the beers brewed in Belgium are flavorful and complex due to the unique ingredients used in the brewing process, such as wheat, coriander, and various kinds of spices.
