Is this brewery independent?

Tally Answer

No. Employee ownership ended with the sale to Lion, approved by the employee-owners in December 2019.

Answer Status: YES
Verification: VERIFIED
Evidence grade: B
Since: 2019-12
Last verified: 2026-09-07

How Tally knows

New Belgium was 100 per cent employee-owned through an ESOP fully implemented in 2012. The employee-owners voted in December 2019 to accept Lion's all-cash offer for the whole company, which ended both the ESOP and the brewery's independence.

Evidence

Proves: The 2019 sale and the end of the ESOP

Connections

new-belgium-brewing → IS_INDEPENDENT → false (2019-12–present) · grade B

What we still don’t know

No open research gaps recorded for this answer.