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Archive record · Brewery

Bell's Brewery

Comstock, Michigan, Michigan, USA

ActiveConglomerate-ownedRegional
Founded
1985
Archive ID
TB-J7530ZF3
Last checked
2026-09-07
#Michigan#MacroOwned

Who owns this brewery?

New Belgium Brewing Company

At the top of the chain: Kirin Holdings Company, Limited. Every step is shown below.

  1. Bell's BreweryThis brewery
  2. New Belgium Brewing CompanySubsidiary
  3. LionSubsidiary
  4. Kirin Holdings Company, LimitedConglomerate

Tally Answers Beta

Who owns this brewery?
Bell's is part of New Belgium Brewing Company, Inc., within the Kirin group. Bell's former legal company, Bell's Brewery, Inc., merged into New Belgium in 2023 and no longer exists.Verified
Is this brewery independent?
No. Bell's has not been independent since the Lion transaction closed on 31 December 2021.Verified
Who ultimately owns this brewery?
Kirin Holdings Company, LimitedVerified
01

From the record

Summary

Creators of Two Hearted Ale and Oberon. Acquired by Kirin/Lion in 2021, merging operations with New Belgium.

A summary written during research. The sourced facts are in the sections below.

Tally’s Take

The legendary creators behind Two Hearted Ale and Oberon, now merged operationally with New Belgium under Kirin.

Ownership & corporate history

  1. Acquired by LionNovember 2021
    What the sources say

    Acquisition of Bell's Brewery by Lion, through its craft division Lion Little World Beverages, announced 10 November 2021 and closed 31 December 2021. Larry Bell made a full exit. The sale included Upper Hand Brewery, Escanaba, which the archive does not yet hold. New Belgium Brewing Company served as the vehicle for the transaction and supplied a significant part of the purchase price, and Bell's was integrated into New Belgium afterwards — roles recorded here because they are evidenced, and NOT recorded as ownership because being a vehicle and a funder is not being an owner.

  2. Subsidiary of Kirin Holdings Company, LimitedDecember 2021
    What the sources say

    From the closing of the Lion transaction Bell's sits within the Kirin group. This is group affiliation, which is what subsidiary_of means in this archive, and it remained true across the 2023 absorption into New Belgium Brewing Company, Inc. — the group did not change, the immediate company did.

  3. Merged into New Belgium Brewing Company, Inc.2023
    What the sources say

    Bell's Brewery, Inc. was absorbed into and merged with New Belgium Brewing Company, Inc. in 2023, ending its separate corporate existence. This is a corporate succession, not an acquisition: the entity did not change hands, it stopped. Reported more precisely as December 2023 in Kirin's disclosure, with a Michigan State Tax Commission industrial-facility certificate transferred from Bell's Brewery, Inc. to New Belgium Brewing Company, Inc. in November 2023 — neither of those documents has been reconciled as a canonical Source, so the date is held at YEAR precision rather than padded.

  4. Owned by New Belgium Brewing Company, Inc.2023
    What the sources say

    Since the 2023 absorption the Bell's brewery and brand have sat inside New Belgium Brewing Company, Inc. A 2026 USPTO record lists New Belgium Brewing Company, Inc. as the current owner of a Bell's trademark. The ownership STATE is recorded separately from the merger EVENT that began it.

Ownership history is kept as dated events, so a change of owner never overwrites the one before it.

Where it is

42.28400, -85.45400

Supplied by the research pass; method not recorded

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02

The Museum

Timeline

  1. 1985
    Founded

    Bell's Brewery begins brewing in Comstock, Michigan.

  2. 2021
    Acquired

    Acquired by Kirin/Lion in 2021, merging operations with New Belgium.

03

The People

Behind the beer

Larry Bell
Founder

Started with a soup pot in 1985; sold to Lion in 2021.

04

The Beer Library

Beers

Two Hearted Ale

Year-Round

American IPA

ABV7.0%
IBU55

Single-hopped entirely with Centennial, which is close to reckless in an IPA. It has repeatedly been voted the best beer in America, and Larry Bell started the brewery with a soup pot in 1985.

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Oberon Ale

Seasonal

American Wheat Ale

ABV5.8%

Released the same March day every year, and Michigan treats it as the official start of spring. Seasonality as an event rather than a shelf rotation.

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Black Note Stout

Limited

Barrel-Aged Imperial Stout

ABV11.2%

A blend of Bell's own Double Cream Stout and Expedition Stout aged in bourbon oak. Blending two finished beers is closer to how whisky is made than beer.

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Two Hearted IPA

Year-Round

American IPA

ABV7.0%

100% Centennial hops; official current product page. (Year-Round) [Michigan Pass 15]

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05

Travel Guide

Plan a visit

07

Follow the money

How it changed hands

1 recorded move
  1. 1985Founded
  2. 2021Acquired

    Acquired by Kirin/Lion in 2021, merging operations with New Belgium.

Today the chain tops out at Kirin Holdings Company, Limited.

08

Show your working

Sources

  1. controlConfirmed

    Bell's Brewery is controlled by Public company.

    Kirin Report 2025 · Kirin Holdings · 2025

    PrimaryHigh reliabilitySource accessed 2026-08-05
    Claim last checked 2026-08-05

Only the claims above are sourced. Everything else on this page is the archive's own research and has not yet been tied to a document — which is worth knowing rather than hiding.

09

Straight answers

Common questions about Bell's Brewery

Who owns Bell's Brewery?
Bell's Brewery is owned by New Belgium Brewing Company. New Belgium Brewing Company is part of Kirin Holdings Company, Limited, through Lion, within the group. Bell's Brewery is based in Comstock, Michigan, USA.
Is Bell's Brewery still independent?
No. Bell's Brewery is owned by New Belgium Brewing Company, ultimately Kirin Holdings Company, Limited, and is no longer independent.
When was Bell's Brewery acquired?
2021. Acquired by Kirin/Lion in 2021, merging operations with New Belgium.
When was Bell's Brewery founded?
Bell's Brewery was founded in 1985 in Comstock, Michigan, USA.
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