New Belgium Brewing Company of Fort Collins, Colo., has agreed to purchase the assets of San Francisco's Magnolia Brewing out of bankruptcy for $2.7 million.
Magnolia founder Dave McLean filed for Chapter 11 bankruptcy in late 2015.
[...] his two San Francisco breweries have remained open, but the future of the 20-year-old company remained unclear.
Citing the recent sale of San Francisco's Anchor Brewing to Japanese brewery Sapporo, Jordan said: "I just think it's a really sweet opportunity for Dave, for us, and for the craft brewing community to do something like this."
Perhaps best known for its Fat Tire ale, the company has breweries in Colorado and Asheville, N.C., though Jordan - who lives part-time in San Francisco - said she has long considered a permanent move to California.
The Brewers Association defines craft breweries as those that produce under 6 million barrels per year.
New Belgium Brewing Company of Fort Collins, Colo., has agreed to purchase the assets of San Francisco's Magnolia Brewing out of bankruptcy for $2.7 million.
Magnolia founder Dave McLean filed for Chapter 11 bankruptcy in late 2015.
[...] his two San Francisco breweries have remained open, but the future of the 20-year-old company remained unclear.
Citing the recent sale of San Francisco's Anchor Brewing to Japanese brewery Sapporo, Jordan said: "I just think it's a really sweet opportunity for Dave, for us, and for the craft brewing community to do something like this."
Perhaps best known for its Fat Tire ale, the company has breweries in Colorado and Asheville, N.C., though Jordan - who lives part-time in San Francisco - said she has long considered a permanent move to California.
The Brewers Association defines craft breweries as those that produce under 6 million barrels per year.
