New Belgium now 100% employee-owned
Employees at the brewery purchased the remainder of the founder's shares through the company's Employee Stock Ownership Program.
The company has been partially employee-owned since 2000, with the controlling interest held by co-founder Kim Jordan and her family.
The remaining stock was purchased in a deal that was finalized on Dec. 28.
Jordan plans to remain CEO of Fort Collins' largest brewery for the long-term and the current executive team is also expected to remain on-board for the forseeable future.
New Belgium is in the planning stages for a second brewery in Asheville, N.C., which is expected to begin beer production in 2015.
More than 150 hires are planned at the Asheville brewery upon full build-out.
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