/ / / / / / Is New Belgium Also Considering $1-Billion Sale

Is New Belgium Also Considering $1-Billion Sale

12/18/2015 12:00:00 PM , , , ,
NBLogoFrom Reuters:


Employee-owned New Belgium Brewing Company, which owns craft beer brand Fat Tire, is looking for a buyer that could the value the U.S. company at more than $1 billion, according to people familiar with the matter.
A sale of New Belgium would be the latest in a string of deals in the craft beer industry. Big beer companies are increasingly looking to boost their business by acquiring upstart craft breweries to combat their own declining sales.
Advisory firm Lazard Middle Market is advising New Belgium on the potential sale, sources said this week. Lazard Middle Market declined to comment while New Belgium did not respond to requests for comment.

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