New Belgium Brewing Group Acquires San Francisco’s Magnolia Brewing Company

August 10, 2017 | Chea Franz

There is never a dull moment in the world of craft beer. Today, it was announced that a group led by New Belgium Brewing Company has entered into an agreement to purchase the assets of San Francisco’s Magnolia Brewing as part of a bankruptcy proceeding. This partnership will be a majority-owned subsidiary of New Belgium, with Elysian founder Dick Cantell as well as Belgian lambic producer Oud Beersel as minority partners. Both Magnolia locations, their existing brands and staff, will continue to operate, working alongside Magnolia founder Dave McLean, who is included in the partnership. This will be Cantwell’s first brewing project since leaving Elysian in April of 2015.

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