Addressing Rumors, New Belgium Brewing Intends to Remain Employee-Owned

In December 2015, Reuters reported that the prominent employee-owned company New Belgium Brewing was exploring a third-party sale. This month, New Belgium's co-founder and executive board chair Kim Jordan told employees at a company-wide retreat, "While the Board of Directors and ESOP trustee have a fiscal responsibility to keep an eye on capital markets, we have found that our current capital structure serves our purpose and vision best."

Company spokesman Bryan Simpson echoed Jordan, saying that "for all of the speculation that has been out there. . . we are super happy with our model and that is our plan going forward. There are no active discussions at this time, but we will always be watching the capital markets."