John McNamara Responds: New Belgium Brewery Goes Flat

I’ve been wondering when the craft beer market would begin consolidating. A few years ago, shockwaves went through the Cascadia craft beer community when 10 Barrels sold to Anheuser-Busch Inv Bev and worse, Full Sail sold to an investment company. Around the same time, another ESOP brewery in Oregon sold as well; it was notable because, as with Full Sail, the trustees were the founders. At this brewery, the couple that were trustees also had a majority share. They said that they wanted the workers to vote on the sale so that they could “feel like owners.” Ugh.

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